Payments News

On The Web

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Providers

The Prepaid Business Adopts a Sanguine Approach As the CFPB’s Big Rule Finally Takes Effect

“The Consumer Financial Protection Bureau’s voluminous prepaid card rule finally took effect with sweeping provisions governing matters ranging from fee disclosures to error-resolution rights to consumers’ access to their accounts. But issuers of prepaid cards and digital wallets have had time to adjust to the CFPB’s rule, which a hostile Congress once tried to quash […]
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On The Wires

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Providers

MetaBank® Launches New Reloadable Prepaid Card with Travel Benefits for AAA

“MetaBank®, a wholly-owned subsidiary of Meta Financial Group, Inc.® (NASDAQ: CASH) (“Meta”), today announced the launch of the AAA MemberPay Visa® Prepaid Card — a card that combines general purpose reloadable (“GPR”) and travel features. Based on feedback from members of the American Automobile Association (“AAA”) and consumer preference, the AAA MemberPay Card’s features are intended to meet the demand […]
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Providers

Geoswift Secures Stored Value Facilities Licence in Hong Kong

“Geoswift, a leading provider of cross-border payment solutions between China and the rest of the world, announced today that its Hong Kong entity has been granted a coveted Stored Value Facilities (“SVF”) Licence by the Hong Kong Monetary Authority. With the SVF licence, Geoswift can provide greater convenience and a better experience for consumers and merchants and move closer […]