The CFPB's Prepaid Proposal Could Rattle Bitcoin Companies
Bitcoin wallet providers have had a touchy relationship with prepaid cards. But whether or not these companies care about plastic, they should care about how the Consumer Financial Protection Bureau's prepaid proposal affects them.
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Image: ShutterStock
The Consumer Financial Protection Bureau has its sights set on prepaid and debit cards offered to college students as such products are filling the gaps left by credit card issuers which have largely left the space, according to a study released by the agency Dec. 15. more »
Image: iStock
Stockpile, a company that provides digital gift cards for buying stock, has partnered with the financial technology vendor Yodlee to offer banks products aimed at encouraging consumers to save and invest. more »
Image: Bloomberg News
Blackhawk Network has reached an agreement with the U.S. Postal Service to distribute its closed-loop gift cards through post offices. more »
Sprint's Boost Mobile Wallet and Sprint Money Express have added features that allow users to buy and send electronic gift cards. more »
Seth Priebatsch, founder and CEO of LevelUp
Cardpool is partnering with SCVNGR's LevelUp to give consumers an alternative way to spend unwanted gift cards. more »
Jo Webber, chief executive officer of Virtual Piggy/Oink
Virtual Piggy, which provides the Oink online wallet service for their youths, will release a prepaid Discover card to extend its offering to retail stores. more »
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I would encourage the CFPB to focus their energies on advancing the road to credit concept instead of focusing on how to restrict credit. more »
Image: Bloomberg News
Square, which made a short-lived attempt at digital gift cards in late 2012, is debuting a new gift card service today with a heavy emphasis on an older payment instrument: plastic. more »
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