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'Checkless Checking' Can Rescue Prepaid from the CFPB's Crackdown
Financial institutions offering checkless checking is trending, and checkless checking accounts—as part of the FDIC’s 2011 Model Safe Accounts Pilot—appeared to perform well among the underserved consumer participants.  more »
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Because of zero liability rules, consumers rarely share the extent of the concerns banks have over account security. But their fears might be growing. more »
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Fuel card issuers in recent years have consolidated operations through acquisitions. Norcross, Ga.-based Fleetcor in 2014 purchased Comdata for $3.45 billion, and WEX in 2012 bought Fleet One. more »
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With the Consumer Financial Protection Bureau expected to release tighter rules for prepaid cards in the next several weeks, prepaid issuers are pushing what they see as advantages over banks, such as fast access to payroll funds. more »
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Diebold Nixdorf’s shiny new corporate moniker is already threatened by a possible deep investigation by U.K. authorities into the company’s possible anti-competitive violations. more »
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This week Minneapolis-based U.S. Bancorp is launching a new consumer account that's designed to appeal to millions of Americans shut out of the mainstream financial system. more »
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WesBanco Bank in Wheeling, W.Va., has made instant card issuance available through a technology integration with CPI Card Group. more »
Andy W. Mattes, Diebold Nixdorf’s CEO
Diebold Inc. has completed its $1.8 billion deal to acquire Wincor Nixdorf, becoming the world’s largest maker of ATMs. more »
Bloomberg News
Five months after creating Instant Pay to allow Uber drivers to get faster payments into Green Dot's GoBank accounts, the companies are expanding the program to include nearly any U.S. debit card. more »
ItzCash and India’s RBL Bank have formed a partnership to launch the country’s first cobranded prepaid card powered by the government-backed RuPay Network, the latest example of India's efforts to rapidly accelerate financial inclusion. more »
New documents shed light on the recent incident in which many prepaid card users reported that they were unable to access their own money. more »
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Payza, a U.K.-based global online payments platform, has expanded the reach of its prepaid Mastercard, which is linked to an existing mobile wallet, to 190 countries. more »
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M&T Bank just added 120 more branded ATMs across New Jersey and Long Island, N.Y. more »