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nFinanSe Announces Fee Reductions for ATM Withdrawals and Bill Pay Transactions |
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Friday, 12 March 2010 19:29 |
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TAMPA, Fla., Mar 10, 2010 (BUSINESS WIRE) -- nFinanSe Inc. /quotes/comstock/11k!nfse (NFSE 0.10, 0.00, 0.00%) , a leading reloadable prepaid card provider, today announced that it is significantly reducing its fees to cardholders for ATM withdrawals and also for electronic bill pay transactions. The Company believes that these reductions will encourage greater trial and usage of its Visa(R) and Discover(R) Reloadable Prepaid Cards and promote greater retention among cardholders. |
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NetSpend cofounders re-renter U.S. prepaid debit card market |
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Friday, 12 March 2010 19:24 |
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 Austin entrepreneurs Roy and Bertrand Sosa, best known as founders of NetSpend Inc. and MPower Ventures, are returning to the U.S. prepaid card market with their company Rev Worldwide.
Rev Worldwide, which has been offering prepaid debit cards and other electronic payment options in Europe, Latin America, Asia and the Pacific, is expanding operations into North America, the company said in a news release. MPower Ventures, which the Sosas founded in 2008, is the primary investor behind Rev Worldwide. Full Article |
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Police warn of prepaid credit card scam |
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Friday, 05 March 2010 13:35 |
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LAKEPORT, CA – Officials are warning of a money scam that's begun appearing locally. On Thursday Lakeport Police Chief Kevin Burke reported that a white male suspect in his late 20s went into a Lakeport bank and presented a prepaid $400 credit card. Burke said the suspect asked the teller for multiple transactions in the amount of $400, claiming that his credit card has a $400 per transaction limit. |
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NetSpend vs. Green Dot — Do Distribution Channels Matter? |
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Friday, 05 March 2010 13:33 |
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Today, NetSpend Corporation announced that NetSpend cardholders loaded a record $1.04 billion onto their NetSpend prepaid cards during the month of February 2010. How do those numbers stack up against those recently made public by Green Dot? Do the different distribution channels of the two companies make a difference? Article Blog |
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Prepaid cards may boost Visa, MasterCard profit |
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Friday, 05 March 2010 13:31 |
AP:
DES MOINES, Iowa — An analyst raised his profit estimates for Visa Inc. and MasterCard Inc. for 2010 and 2011 on Tuesday, saying the increasing use of prepaid cards will boost profitability. William Blair & Co. analyst David Long said the two major payment processing companies are expected to see the greatest benefit from increasing consumer use of prepaid cards. Article |
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Rapid Link Completes Acquisition of Mr. Prepaid |
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Friday, 05 March 2010 13:28 |
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Senior Secured Debt Restructured; New Management Team Appointed Rapid Link, Incorporated (OTCBB: RPID) announced that, as of February 24, 2010, it has consummated the initial closing under a Share Exchange Agreement among the Company, Blackbird Corporation and certain of their stockholders. Under the terms of the Share Exchange Agreement, the Company has acquired Mr. Prepaid, Inc., a former subsidiary of Blackbird, in exchange for 10,000,000 shares of Series A Convertible Preferred Stock. The shares of preferred stock represent, on an as-converted basis, 80% of the outstanding capital stock of the Company. Mr. Prepaid is in the business of providing prepaid telecommunication and transaction based point of sale activation solutions through approximately 1,000 independent retailers in the Eastern United States. Mr. Prepaid's product offerings include prepaid wireless PINs for use with various mobile telephone providers. |
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