Wednesday , October 2, 2024

Search Results for: prepaid debit

A Rebound for Credit Cards Online Will Slow Gains for Alternatives

Various payment alternatives will continue to grow in volume and claim more share of Web-based sales, but the dramatic gains of recent years will moderate as credit cards stage a partial comeback, according to a forecast released this week. Alternative payment methods, which have proliferated in variety over the past …

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A French Processor Sets Its Sights on U.S. Micropayments

The explosive growth of social networks and online games in the U.S., which in the past year or so has drawn the attention of a number of micropayments startups, has now attracted a foreign processor with deep pockets and the ability to offer a wide array of payment options. France's …

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Will Consumers’ Shift Away from Credit Cards Outlast the Recession?

Consumers have cut back their usage of credit cards in the past year, often on their own volition but also because suddenly risk-averse credit card issuers have closed millions of credit card accounts or reduced credit lines in their attempts to strengthen recession-racked balance sheets. Now the emerging question is …

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Peak Shopping Days Give Cause for Cautious Optimism on Payments

Electronic payments are showing signs of life as consumers open up their wallets and purses early in this holiday spending season. But just how wide they'll open those wallets and purses as the season goes on is uncertain. The early take is that volumes are up from 2008's anemic levels, …

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AmEx To Buy Revolution Money in an Alternative-Payment Play

American Express Co. is acquiring Revolution Money Inc. for $300 million in a move the two companies say will help the travel-and-entertainment card giant move into next-generation electronic payments while providing a major boost for Revolution's nascent Internet-based payments platform. The deal enhances AmEx's position in the alternative-payments niche, but …

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Analysts: Processors Must Seek Growth in Non-Credit Card Markets

With credit card growth sputtering, an expanding debit card market will help lift transaction processors' volumes for the foreseeable future, according to new research from Goldman Sachs & Co. The investment bank also predicts processors will find robust growth markets in nascent channels like mobile payments and established debit-related markets …

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PayPal’s Push into E-Commerce Spurs New Funding Options

PayPal Inc. this week introduced new funding options that allow users to load money into their PayPal accounts with PIN debit cards or with cash, then use the funds to buy products online. PayPal's deal with First Data Corp., owner of the Star electronic funds transfer network, was announced Thursday …

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AmEx Cuts Gift Card Fees And Expands Simon Mall Card Program

American Express Co. turned up the competitive heat in the gift card sector Wednesday by announcing the immediate elimination of monthly fees on all of its gift cards. AmEx also announced an expanded gift card program with shopping mall operator Simon Property Group Inc., the nation's largest public real-estate company …

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With 1.4 Million Employees, Wal-Mart Puts Payroll Cards on the Map

In yet another move that could shake up the financial world and boost electronic payroll cards, Wal-Mart Stores Inc. is eliminating paper checks for employees. Under the new payroll program, employees who don't have direct deposit will be issued a MasterCard-branded payroll card through the First Data Money Network Payroll …

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As Reloadable Cards Increase, Concerns Grow About Fees, Protection

The increasing popularity of reloadable prepaid cards, particularly among the unbanked and underbanked, has begun to raise alarms among consumer advocates who view the cards as subject to capricious pricing and lacking important protections offered on bank cards. And, as larger merchant and other enterprises become active in issuing these …

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