Prepaid Debit Cards news and trends

Qolo Rolls Out Comprehensive B2B Payment Platform
B2B Payments // June 25, 2020

B2B payments hub Qolo has introduced a new all-in-one payment solution, aiming to address issues with speed, security and costs for B2B payments, a press release says. The company, formed in 2018, calls itself the “Payment Hub of the New Economy,” and wants to provide...

Treasury: 4 Million IRS Stimulus Payments To Be Sent Via Visa Prepaid Debit Card
Disbursements // May 18, 2020

The U.S. Treasury Department and the IRS are planning to send out around 4 million Economic Impact Payments (EIP) via Visa prepaid debit cards rather than paper checks this week, according to a Treasury Department press release. The EIP cards can be used for purchases,...

Post-Netspend Agreement, FTC Mails Off $10M To Consumers
Security & Fraud // September 18, 2018

The Federal Trade Commission (FTC) announced that it is sending out more than 430,000 checks totaling more than $10 million to those impacted by Netspend’s prepaid mastercard misleading claims over its reloadable prepaid debit cards. Netspend serves those without a bank, specializing in providing prepaid Visa...

Green Dot Q4 Earnings: All Arrows Green
Payment Methods // February 23, 2017

Green Dot, the issuer of prepaid debit cards, posted fourth quarter earnings and revenue that beat Wall Street expectations, driven by demand across its businesses and efficiency projects. In a press release announcing these results, Green Dot Founder and Chief Executive Steve Streit said the...

Quick Reads
Treasury: 4 Million IRS Stimulus Payments To Be Sent Via Visa Prepaid Debit Card

May 18, 2020
The U.S. Treasury Department and the IRS are planning to send out around 4 million Economic Impact Payments (EIP) via Visa prepaid debit cards rather than paper checks this week, according to a Treasury Department press release. The EIP cards can be used for purchases, withdrawals from ATMs and transfers to bank accounts. They will […]

Post-Netspend Agreement, FTC Mails Off $10M To Consumers

September 18, 2018
The Federal Trade Commission (FTC) announced that it is sending out more than 430,000 checks totaling more than $10 million to those impacted by Netspend’s prepaid mastercard misleading claims over...

Green Dot Q4 Earnings: All Arrows Green

February 23, 2017
Green Dot, the issuer of prepaid debit cards, posted fourth quarter earnings and revenue that beat Wall Street expectations, driven by demand across its businesses and efficiency projects. In a...