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Boston Fed's Military Smart Cards Keep Up with Tech to Battle Cash
Nearly two decades ago, Federal Reserve Bank of Boston's smart card program became a key means to eliminate the inefficiencies of cash use among military personnel. The payments industry has evolved substantially in that time, requiring the military smart card program to keep pace.
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Dan Schulman
By hiring former American Express executive Dan Schulman to lead an independent PayPal, the company is betting that his expertise — bringing innovation to a well-established international payments company — can ensure PayPal's survival. more »
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InComm will work with the Merchant Customer Exchange to support digital gift card and loyalty programs for retailers, while also expanding MCX's CurrentC mobile wallet to more locations. more »
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The prepaid card company Blackhawk Network has agreed to acquire Parago, a customer engagement firm, for approximately $290 million. more »
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Wal-Mart Stores Inc.'s deal to distribute Green Dot Corp.'s mobile checking account, GoBank, signals a fundamental change in how both companies approach their audience. more »
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SpendSmart Networks has purchased the e-commerce solutions division of TechXpress and plans to integrate the company's online and mobile services with its existing loyalty program offerings. more »
The Seamless SEQR mobile wallet.
The Swedish mobile payments company Seamless has agreed to acquire Ingram Mobile Mobility's prepaid mobile operations in Sweden and Denmark. more »
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State tolling agencies are increasingly adopting prepaid cards in their efforts to eliminate cash and coins at toll booths. more »
Steve Streit, founder, chairman and chief executive of Green Dot.
Green Dot plans to acquire Santa Barbara Tax Products Group (TPG) for about $320 million, a move that will allow the prepaid card provider to add tax refund processing services through partnerships with tax preparers. more »

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