Open Loop Payments
Getting Ready for the Future of Prepaid Wireless and Services
Seeing into the future was the goal of this year’s Prepaid Press Expo. Speakers covered topics that showed where the prepaid wireless industry is today, where it is going in the future, and how companies can be prepared for the future that is coming.
People are confusing what a mobile wallet is and have now assigned the meaning to a mobile wallet to be the used to store a card and pay a merchant. What we define as a real need for the consumer is to have a stored value account that can be managed exclusively from your phone or from a phone and offering all of the services that customer like the unbaked do not have access to today.
Bullion Backs New Card
Gold. Since the dawn of history, the glittering yellow metal has granted its owners the power to change the course of civilization. It captures the imagination and alters the soul. No one has ever had enough.
How Consumers and Retailers Can Benefit
Shoppers and retailers alike can take advantage of technology that’s revolutionizing closed-loop prepaid cards and mobile payments, according to speakers at a strategy session presented online by Mercator Advisory Group and CashStar.
Reliable Platforms Can Generate Revenue
Self-serve kiosks can be powerful tools for the “convenience markets” and for the prepaid market, specifically the unbanked and underserved, who make up about 28.3 percent of all households, according to federal studies.
Acting Director of MSBA, a New Trade Group
Veteran association executive Kathy Tomasofsky is assuming a leadership role at the new Money Services Business Association during a time of great change in the industry. At the very moment that digital currencies seem poised to reshape the business, it appears that state and federal regulators are contemplating stronger rules and closer scrutiny. Against that backdrop, The Prepaid Press asked Tomasofsky about her reasons for leaving one trade group for another and what she sees ahead in prepaid and funds transfer.
What it Takes to Keep Customers
Given the intense competition in the wireless industry and scant new growth, loyalty and customer retention are major problems for postpaid and prepaid service providers, both traditional and MVNOs. Keeping your customers happy requires knowledge of your market and staying on top of what the competition is doing. So let’s see what’s happening in prepaid.
Company Laboring to Restore Services
A technical snafu wreaked havoc with RushCard prepaid accounts last week, preventing card users from getting access to their funds and stopping the company from posting direct deposits. Some of the problems remained unsolved at press time.
Target Goes 'All-In' on EMV User Adoption
Target, by all accounts, the corporate face of retail data breach, is driving full force to use its complete embrace of EMV to bolster its tarnished image and put it in the vanguard of card fraud protection and data security. And it is targeting one of the biggest sticking points to EMV: User Adoption.
Chip Cards a Milestone in Lessening Fraud
The much anticipated Payment Networks’ Liability Shift associated with EuroPay, MasterCard, and Visa (EMV) has begun in the US, as of October 1. It’s a major milestone for financial companies, including banks and credit unions, credit card issuers, and retailers, in an industry-wide effort to decrease financial fraud.