Prepaid Cards

Discover Financial Services reported $1.6 billion in net income in the 2021 first quarter, a reversal of a $61 million loss in the same quarter in 2020. Discover said its payment services volume was $75.9 billion, a 19% increase year-over-year. Dollar volume on its Pulse debit network increased 23% year-over-year, driven …

The top 50 originating institutions for automated clearing house transactions accounted for 23.1 billion payments in 2020, up 8.6% over 2019 and nearly 93% of all commercial ACH payments, according to Nacha, the governing body for the ACH. The 50 largest receiving institutions controlled 61.2% of volume with 16.4 billion payments, …

The Walgreens pharmacy chain said it will launch a bank-account offering through payments provider InComm Payments that will also feature a MetaBank-issued Mastercard debit card that will allow users to earn rewards through the Walgreens loyalty program. The pharmacy chain will also re-launch its gift card program through InComm.In related news, InComm …

Ternary Developments Inc. has joined the Stripe Partner Program, which enables clients to accept online payments via Stripe Inc. Ternary provides a cloud-based platform for Discord social-engagement communities.Appetize Technologies Inc., a provider of management software for the food-and-beverage industry, announced integrations with payments processor Paytronix Systems Inc., gift card provider Givex Inc,, …

After the pandemic struck a year ago, stores scrambled to install technology to support a wide range of payment options, including tap-and-pay, to reassure skittish consumers. But now a new report indicates those efforts may not have gone as far as many have assumed, particularly in the area of contactless …

With more merchants embracing omnichannel sales strategies that blend brick-and-mortar and e-commerce shopping, Blackhawk Network Inc. is enabling merchants to sell digital gift cards in-store.  With Blackhawk’s eGift card platform, merchants can engage customers at multiple marketing touchpoints throughout the store, such as gift card racks and gift card displays …

Payments provider Priority Technology Holdings Inc. reported fourth-quarter revenue of $106.1 million, up 8.1% year-over-year. Excluding Priority’s RentPayment business, which the company sold in September, revenue grew 12.3% from $94.5 million.Payments provider Flywire Corp. launched Flywire eStore, a platform that supports e-commerce for Flywire clients and their customers. The move follows Flywire’s decision last …

Payments provider Flywire Corp. has submitted a draft registration statement on Form S-1 to the Securities and Exchange Commission in support of a proposed initial public offering.The Children of Restaurant Employees nonprofit is meeting pandemic claims from displaced restaurant workers via grant disbursements on gift cards from Blackhawk Network. Prepaid and gift card …

Switched transactions dipped 1% for the week ended Feb. 21 for Mastercard Inc. compared to the same week last year, the card network reported. It is the first weekly year-over-year dip in switched transactions for Mastercard so far this year and reflects a swing from 4% growth in the week ended Feb. …

The planned Inspiration4 project, the first space flight with an all-civilian crew, added its second crew member, Hayley Arceneaux, a physician assistant in Memphis. Crew commander is Shift4 Payments Inc. chief executive Jared Isaacman.Credit union service organization PSCU said spending made with debit cards increased 12.5% for the week ending Feb. 14 compared to …