More Millennials Pick Prepaid Cards: Fed Study
General-purpose reloadable prepaid cards have turned a corner, moving from being a product for low-income or unbanked individuals to being an important tool for younger, high-income consumers.
Susan Herbst-Murphy, senior industry specialist for payment cards at the Federal Reserve Bank of Philadelphia.
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Image: Bloomberg News
American Express Co. is pulling new levers to build its business with small merchants and drive mobile wallet adoption, emphasizing its work with Apple Pay. more »
Image: Bloomberg News
American Express Co. said third-quarter profit rose 8.1 percent, beating analysts' estimates, as customer spending increased. more »
Image: Bloomberg News
American Express Co. customers whose reward points are too meager for flights, ballet tickets or even a yoga mat are getting a new list of options: a McDonald's menu. more »
Image: Thinkstock
Providers of rapidly changing payments products such as prepaid cards, automated payments and dispute resolution are continuing to turn to independent sales organizations to reach targeted merchants. more »
David Kurrasch, the vice president and general manager of the SBPC.
Small businesses can be hard to reach with new payments technology, so the Small Business Payments Co. (SBPC) is incrementally adding functions in an attempt to ease automation. more »
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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. more »
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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