Prepaid Cards

Diebold Nixdorf Inc. released the Beetle A1150, an all-in-one point-of-sale system. Variations of the Beetle POS system have been available since at least 2002 from Wincor Nixdorf, a company Diebold acquired in 2016.Payments processor Computer Services Inc. reported fiscal third-quarter revenue of $72.1 million, up 6.6% year-over-year, and net income of $12 million, up 5.8%. …

Consumers spent 7% more on gift cards during the 2019 holiday shopping season than in the same period in 2018, doubling the 3.4% gain seen in 2018 over 2017, according to data from prepaid program manager Blackhawk Network Holdings Inc., which did not release absolute spending numbers.The U.S. Treasury Department’s Bureau …

InComm, a provider of payments processing for the prepaid market, launched its Vanilla Visa prepaid and gift cards in Mexico.Levelset, a payments provider for the construction industry, announced a $30-million funding round led by Horizons Ventures.Butterfly Network Inc., provider of a handheld ultrasound application for mobile devices, said its technology …

Green Dot Corp. announced late Wednesday that company founder and chief executive Steven W. Streit is retiring. The prepaid card and banking services provider appointed William I. Jacobs, chairman of its board of directors, as interim CEO while it seeks a permanent successor. Streit will continue with the company for …

The growing popularity of debit cards and the displacement of cash by card and electronic payment alternatives is nothing new, but a Federal Reserve banks’ report released Thursday shows debit cards for the first time have surpassed cash as the most-used payment type. The findings come from the 2018 Diary …

Sitting in a meeting in New York City, Clay Wilkes put his company’s latest innovation to the test. “We onboarded a company, funded the master funding account, created an individual account, and moved funds from the master funding account, and bought a gift card on Amazon,” he recalls. “Someone in …

The Federal Trade Commission has started a preliminary inquiry into whether Visa Inc., Mastercard Inc., and large debit card issuers are blocking merchants from routing transactions over PIN-debit networks, the Bloomberg Law news service reported, citing anonymous sources. FTC investigators reportedly have contacted merchants and their trade groups, Bloomberg Law said. Spokespersons for …

Thanks to an influx of technological advancements, individuals now have more choices than ever to save and manage their money. But ensuring that financial tools are best serving consumers takes cooperation among regulators, policymakers, and the private sector. Recently, Federal Deposit Insurance Corp. Chairman Jelena McWilliams said the agency will …

Prepaid-program manager Green Dot Corp. will launch a marketing campaign with talk-show host and comedian Ellen DeGeneres. DeGeneres’s celebrity will be used to promote Green Dot Bank, Steve Streit, Green Dot founder and chief executive, said during a conference call with analysts Thursday. DeGeneres is host of the popular TV …

Walmart Inc. and Green Dot Corp. reported Tuesday they have extended the prepaid program manager’s agreement with the giant retailer for another seven years, assuring that Green Dot will continue to serve as the issuing bank and manager for the Walmart MoneyCard program. Walmart says the new contract begins Jan. …