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Tax Season Helps Green Dot to Beat Q1 Revenue Estimates

PYMNTS

Direct deposits, new products and tax refunds helped Green Dot beat revenue expectations for the first quarter of 2018. Green Dot on Wednesday (May 9) reported that total operating revenue increased 25 percent year over year in the first quarter, to $315 million. The card stems from a multiyear partnership with Intuit Corp.

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 Netspend On How Increased Security Demands Spur Virtual Card Adoption

PYMNTS

State mandates have also forced some businesses to close or limit on-premises operations, prompting such merchants to connect with consumers online instead. Shoppers may be reluctant to hand over their card details to every online retailer, as each transaction represents another risk that consumers’ information could be exposed in a breach.

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The Final CFPB Prepaid Card Rule Is Here (Expect Controversy)

PYMNTS

The use of prepaid cards has exploded over the last decade or so — in 2003 consumers put less than $1 billion on prepaid cards annually, but by 2012 that figure had grown to $65 billion and by 2018 that figure is projected to reach as much as $121 billion. The user base of prepaid cards has grown significantly as well.

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Cryptos Fall Following Raid On South Korean Exchange

PYMNTS

UPbit services, such as all transactions and withdrawals, are operating normally. By comparison, the cryptocurrency’s value was around $7,600 in February, a level that represented a new two-month low. Your assets are kept securely in your account.” Following the news, bitcoin dropped 5.5 percent to a little over $8,500.

Bitcoin 101
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Faster Payments: Does The Fed Have A Hidden Agenda?

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Connecting these two dots suggests a few important things that, for banks and card networks, might be the 2020 hindsight that could have come in handy had they stopped to look backwards a few years ago: That the Fed has much more than a passing interest in how faster payments are run in the U.S. A Couple of Important Dots. as of January 2019.

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Building A More Compliant Cannabis Industry With The Blockchain

PYMNTS

As a point of comparison, U.S. Florida, which recently legalized medical marijuana, saw its issuing of state ID cards slowed dramatically because Bank of America rather adamantly refused to touch online payments for medical marijuana cards. consumers spent a roughly equivalent amount ( $55 billion ) on smartphones last year.

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Does Apple Pay Growth Signal Contactless Transit Boost?

PYMNTS

Cook certainly does his best to generate excitement about Apple Pay, putting its transactions up against PayPal’s, a recent comparison that was not exactly, uh, apples to apples. What about low-income consumers who depend on trains and busses but do not have the proper smartphones or chip cards? Chicago View.

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