Prepaid Cards

• PayPal Holdings Inc. no longer will provide purchase protection for transactions made on crowdfunding platforms such as Kickstarter, potentially dealing a blow to the nascent crowdfunding industry, CNBC reported. • In a letter to Green Dot Corp. shareholders, Harvest Capital Strategies, which owns 9.3% of Green Dot, said it …

BitPay Inc. made its name signing up merchants to accept the bitcoin digital currency, and now it’s adding a reloadable Visa prepaid card to its consumer-facing products. The card will enable users to make purchases at the millions of Visa-accepting merchants as well as the relative handful that accept bitcoin, …

With its contested annual shareholder meeting coming up in less than three weeks, embattled Green Dot Corp. chief executive Steve Streit on Wednesday said the prepaid card card and mobile-banking provider and tax-payment processor’s prospects are improving as key measures of customer activity strengthen. Pasadena, Calif.-based Green Dot reported first-quarter …

• Merchant processor North American Bancard Holdings introduced its Inovio Payment gateway service; NAB says Inovio’s name is taken from the word “innovation” and that the service, which includes a virtual point of sale and hosted checkout solutions, will open new markets for the company. • Wal-Mart Stores Inc. has changed …

• Prepaid card and mobile-banking provider Green Dot Corp. named three new independent directors to its board and non-independent director Sam Altman stepped down as the company expanded its board from eight to 10 directors, all but one of them now independent. Green Dot shareholder Harvest Capital Strategies LLC, which …

• Prepaid card services provider Blackhawk Network Holdings Inc. acquired extrameasures LLC, a promotions and incentives firm that offers Visa-branded and private-label rewards and gift cards. The deal follows Blackhawk’s acquisitions of other incentives companies, including Parago, InteliSpend, CardLab, and Incentive Solutions.   • Prepaid card provider Green Dot Corp. …

Prepaid card provider Green Dot Corp. on Thursday announced a test with ride-sharing service Uber in which Uber drivers can be paid instantly via deposits into Green Dot’s subsidiary bank. Drivers for San Francisco-based Uber normally are paid once a week via direct deposit into financial accounts on file with …

Green Dot Corp. announced a number of a new products Wednesday and said it was getting into lending in order to generate new revenues and expand beyond its prepaid card base. Under pressure from a large investor to boost its bottom line and flagging stock price, Pasadena, Calif.-based Green Dot reported …

Prepaid card services provider Green Dot Corp. has struggled to make profits sufficiently large to keep restive shareholders at bay since it became a publicly traded company in 2010. Now one of those shareholders, Harvest Capital Strategies LLC, is calling for the ouster of company founder and chief executive Steve …

Prepaid card services provider Blackhawk Network Holdings Inc. has acquired GiftCards.com LLC and OmniCard LLC for $120 million, the prepaid specialists announced Wednesday. GiftCards.com specializes in selling digital and physical prepaid cards through its Web site. OmniCard sells customized prepaid incentive and rewards cards to businesses. Both entities had been …