The Long Shadow of Bad Credit in Job Search Over the last several decades, credit reporting bureaus have been selling their services to a much wider range of buyers than just banks. Nearly half of employers use credit checks when … Continue reading
As the use of prepaid debit cards increases, so does the risk of theft and fraud. Last week, federal prosecutors charged eight individuals in New York with cyber attacks on the global financial system. They were part of an international … Continue reading
College students who use Chegg to sell their textbooks now have a new way to receive their money. American Express has announced a partnership with Chegg that will allow these students to deposit buyback money to a Serve prepaid card. … Continue reading
Meet Justin Bieber, financial spokesman. A new prepaid card is available called SpendSmart is being heavily promoted by none other than the teen heartthrob. Bieber is using his social media army, reportedly comprised of 30 million Twitter followers and 48 million Facebook fans, to … Continue reading
Running a search for "how to check my credit score for free" may lead you to a lot of websites that are actually just companies trying to sell their services. There are ways to check your credit score for free, … Continue reading
American Express has recently been scrutinized for lacking FDIC insurance on its prepaid cards. The company instead chose to work through a surety program, which gave its customers different levels of protection based on the states they live in. Amex … Continue reading
American Express is making two major changes with the Bluebird prepaid card sold at Walmart. These cards will now be backed by the Federal Deposit Insurance Corporation. In addition, consumers will have the ability to write checks and to make … Continue reading
Prepaid Cards May Lack Protections of Checking Accounts Reloadable prepaid cards don't have to carry federal deposit insurance, as checking accounts do, says a new report from a project of the Pew Charitable Trusts. Cardholders can use them for direct … Continue reading
One out of four consumers from 17 countries worldwide have been victims of credit, debit or prepaid card fraud, according to a survey conducted by the payments system company ACI Worldwide. The 2013 Global Card Fraud Survey is based on interviews … Continue reading
As debit cards continue to replace checks and cash as the most popular way to purchase goods and services, more consumers are turning to transactions not tied to traditional banking accounts. Birmingham-based Regions Financial Corp. jumped into the fray a … Continue reading
Consumer Watchdog Readies to Bare Its Teeth The Consumer Financial Protection Bureau is entering 2013 poised to flex its muscles as it finishes up a list of studies and rules required by the law. They will have wide latitude to … Continue reading
The onslaught of celebrities putting their name on a prepaid card continues. Justin Bieber has entered into a partnership with BillMyParents on a new prepaid debit card aimed at teenagers. Bieber will use his social media army, reportedly comprised of … Continue reading
2012 was a relatively quiet year for the credit card industry. However, there were a number of developments that may have a far-reaching impact in the years to come. Here are the top ten credit card stories of 2012: Swipe … Continue reading
It is sometimes difficult to buy a thoughtful present for everyone on your Christmas list. Perhaps it is time to take a different approach to shopping and give those people a pre-paid credit card as a holiday gift. These cards become popular several … Continue reading
Credit Card Settlement Could Stymie PayPal's Retail Plans A provision within the hotly-contested settlement between merchants and credit card networks could potentially slow PayPal's bid to become more widely accepted at grocery stores, restaurants and other retailers. Retailers that choose to … Continue reading
Significant changes in prepaid cards are now taking place in Canada. Canada's Finance Minister, Jim Flaherty, announced today that issuers cannot impose expiration dates on prepaid cards in the future. Fees have to be prominently displayed in an information box … Continue reading
American Express cardholders in the United States spent 8 percent more on their credit cards in the third quarter versus a year ago, according to the company's quarterly reports. Globally, American Express showed a 6 percent increase in card purchases in the third … Continue reading
Wal-Mart and AmEx in Prepaid Card Deal Wal-Mart Stores is taking another leap into the banking world, announcing on Monday a prepaid card and debit account with American Express that will give low-income consumers access to features like smartphone deposits. … Continue reading
Walmart and American Express are joining together to enter the booming prepaid card market with a low-fee card aimed at consumers who are disillusioned or excluded by the rising costs of banking services. The card named Bluebird will be positioned as an alternative to debit and checking accounts. … Continue reading
Thanks to regulations and legislation on credit cards, banks are turning renewed attention to an old source of revenue: prepaid cards. Prepaid cards were once the black sheep of the card family, charging high interest rates and fees to consumers … Continue reading
It is almost time for high school graduates to go off to college, moving away home for the first time. As parents give last-minute lessons about independence, money management should be an important part of these discussions. It is critical … Continue reading
During the last three years, the banking industry has been hammered by bad loans, increased regulations and a recession. During this time, prepaid cards have been one of the few bright spots of revenue growth for banks and lenders. Consumers … Continue reading
Another celebrity is entering the prepaid market: Magic Johnson. The NBA Hall of Famer is entering a partnership with OneWest Bank, FSB and introducing a reloadable prepaid MasterCard. The "Magic Card" targets people who don't have a traditional bank deposit … Continue reading