The easiest, most well-received option has, and continues to be, open-loop prepaid gift cards. An increasing number of shoppers have realized that purchasing prepaid cards for family and friends during the holidays eliminates the stress that can come with searching for the “perfect gift.”
Payroll card providers have it a little tougher than many other prepaid card companies. In addition to making sure their programs comply with federal laws and regulation, they also need to fit their programs into a mélange of state laws that govern how workers receive their wages.
Discover Financial Services is best known for its credit cards, but the company has products across the financial services spectrum. Credit, debit, and prepaid transactions all run on its network.
For years prepaid cards, and their holders, have been seen as second-class citizens by regulators, consumer advocates, and credit agencies. Despite competitive fee structures and feature sets, open-loop prepaid cards have been viewed as the account you get when you have no options.
In the latest episode of the Power of Prepaid podcast, Dee Buchanan and Gordon Taylor, principals at Ogilvy Government Relations, discuss the outcomes of the midterm Congressional elections and what they might mean for financial services regulations.
Prepaid card provider Netspend, a division of TSYS Inc., is going beyond cards to help its customers improve their lives. The company offers scholarships to its cardholders to help them further their education, with a goal of helping them improve their financial situations.
Last week I was very fortunate to attend the Prepaid International Forum (PIF) in the United Kingdom. I was invited by Craig James, PIFs Chairman, and his colleague Diane Brocklebank, PIF’s Commercial Director. Craig is the Founder and CEO of Neopay and is an NBPCA Board Member.
Handling customer disputes well affects your entire business, so it is critical to do it well.
Regulation is a constant concern for the prepaid industry, and compliance departments continuously need to update their knowledge just to stay ahead.
The problem with eliminating a payment choice has been brought into focus by a recent bill in Washington, D.C. to make it illegal to refuse cash. As The Washington Postreported, several restaurants have eliminated cash as an option, but some lawmakers in the district worry that the poor, especially those who cannot get bank accounts, will lose access to parts of the market.
In the latest episode of the Power of Prepaid Podcast, the NBPCA talks with Dee Buchanan and Gordon Taylor, principals at Ogilvy Government Relations.
In the latest episode of the Power of Prepaid Podcast, the NBPCA talks with Kurt Helwig, president and CEO of the Electronic Funds Transfer Association (EFTA), and Amy Duncan, the director of project management at CDP, Inc. and the chair of the EFTA’s egovernment payments council.
For students entering high school, incoming college freshman, and young professionals living on their own for the first time, prepaid cards can be a helpful tool to promote financial responsibility while teaching valuable budgeting skills critical to future success.
The NBPCA is pleased to have ENACOMM as its newest member.
Over the last couple of years, I have attended several payments conferences, forums, and breakout sessions geared towards Fintech. Most, if not all, seem to exclude, forget to include, or do not highlight the importance of Prepaid Cards in driving the growth of Fintech’s especially in the payments space.
In this episode, the NBPCA examines “The 2016 and 2017 Surveys of Consumer Payment Choice: Summary Results” and considers the results from the perspective of cardholders.
In the latest Power of Prepaid Podcast, I interview a true expert on the prepaid industry – a cardholder.
In the past year or so, the prepaid community has expanded through new products, perks, and partnerships. PayPal and Mastercard rolled out a prepaid card which links to a user’s PayPal balance; Green Dot, Apple, and Discover are launching a virtual prepaid card; and, most recently announced, Starbucks, Visa, and Chase are creating a prepaid card linked to Starbucks rewards.
Since 2000, R&P has been helping companies in the cards and payments industry find good employees and help payments executives take the next step in their careers. NBPCA COO Ben Jackson spoke with Amy about the best practices for companies seeking employees and for individuals seeking the next step for their careers.
You remembered to pack the sunscreen, flip-flops, and sun glasses, but what about what’s in your wallet?
On the latest episode of the Power of Prepaid Podcast, host and NBPCA COO Ben Jackson is joined by Brian Tate, the CEO of the NBPCA to talk about the midterm elections and what is happening at the Consumer Financial Protection Bureau.
Read about our newest member SOLE
On the latest episode of the Power of Prepaid Podcast, host and NBPCA COO Ben Jackson is joined by the Sarah Grotta, the Director of the Debit Advisory Service at Mercator Advisory Group.
With more than half of Americans either owning or working for a small business, helping these entities thrive is essential to a growing economy.
A few weeks ago, I had the pleasure of speaking at this year’s Power of Prepaid event in Washington DC. While a variety of interesting topics were discussed, it will come as no surprise to anyone that the hot topic this year was innovation.
This week, the payments industry converged at the Grand Hyatt in Washington, D.C. for the Network Branded Prepaid Card Association’s (NBPCA) 7th Annual Power of Prepaid® Conference.
The prepaid industry continued to learn how it can move ahead on the final day of the Power of Prepaid conference.
While everyone has a desire for success, achieving it requires a lot of knowledge. In the first day of the Power of Prepaid conference, members were provided some of that knowledge from researchers and from individuals who have achieved one of the highest levels of success – Olympic gold medals.