Remove ATM Remove Lending Remove Online Remove Taxes
article thumbnail

Wild Cards? Gambling, Payroll, Other Models Provide Fresh Fuel For Prepaid

PYMNTS

The real trick is to tie engaging consumer experiences to those cards, which is critical, as prepaid and reloadable cards continue to evolve — moving from plastic cards to mobile accounts that can adapt to an expanding portfolio of use cases, including payroll, online gambling or even consumer and business lending. Take payroll cards.

Cards 158
article thumbnail

Data Dive: The Yes, No, Gotcha! Edition

PYMNTS

Credit Karma said yes to early tax refunds for consumers – for free. Good Tax Lending Karma. Good news for consumers avidly awaiting their tax refund for 2018: Credit Karma Tax is rolling out a new product call Earlybird Advance, an online refund advance service. And that was just Tuesday.

Taxes 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2023 Fraud trends: What banks and credit unions can expect

Abrigo

Business email compromise (BEC): Business email compromise (BEC) is one of the most financially damaging online crimes. The advance payment may be described as a fee, tax, commission, or incidental expense that will be repaid later. Lending & Credit Risk. Financial Cybersecurity. Fraud Prevention. Learn More. Learn More.

Fraud 195
article thumbnail

How to Conduct an Exam-Proof BSA/AML Risk Assessment

Abrigo

Do you offer services to those without a Tax ID Number (TIN)? Lending & Credit Risk. If so, how many customers or members? Financial Cybersecurity. Fraud Prevention. Fraud Trends. OTP Bots Are a Growing Threat: What Financial Institutions Need to Know. Learn More. Asset/Liability. Fraud Prevention. Portfolio Risk & CECL.

How To 195
article thumbnail

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

PYMNTS

as one of their primary tools of financial management — since prepaid cards can be used in ways essentially analogous to debit cards for payments, funds storage, cash-outs at ATMs or receipt of salary. “Our new rule closes loopholes and protects prepaid consumers when they swipe their card, shop online, or scan their smartphone.

Cards 189
article thumbnail

Why Aspiration Says Big Banks’ “Bad Decisions” Were Its Gain

PYMNTS

Our Core Checking account provides full access to all our financial centers, ATMs, mobile and online banking and offers several ways to avoid a monthly fee, including a monthly direct deposit of $250, which equates to $3,000 annually,” Betty Riess, a Bank of America spokeswoman, told CNBC.

America 109
article thumbnail

How to keep your money and valuables safe while travelling overseas

Qudos Bank

Knowing how to store your money and personal belongings in safe, secure, and oftentimes clever places could help you avoid the common travel risks of petty theft, robbery, or ATM tampering. Normal lending criteria, terms and conditions and fees and charges apply. Travel preparation 1.

How To 52