prepaid cards

American Express Company has announced the names of new executive and Board of Directors. According to the company’s statement Daniel H. Schulman, previously worked as President of Sprint's Prepaid group will become a President of the newly-created Enterprise Growth Group. Also AmEx has appointed Ted Leonsis, a Chairman of Revolution Money and AOL, to its Board of Directors and named him Chairman of a new Innovation and Technology Committee of the Board. 

With prepaid debit cards surging in popularity, Vesta Corporation, a global pioneer and leader in electronic payments, today announced the launch of an innovative Web reload service for NetSpend Corporation, a leading provider of card-based prepaid financial products to underbanked consumers. Powered by Vesta's payment technology, this industry-first service lets NetSpend customers immediately add funds to their prepaid debit cards from bank issued debit cards.

Veritec, Inc., a developer of mobile banking debit card solutions and a pioneer and developer of proprietary two-dimensional matrix technology, today announced that its subsidiary, Veritec Financial Systems, Inc. (“VTFS”), entered into agreement with Cities in Touch (“CIT”) of Hot Springs, Arkansas to integrate VTFS’ mobile banking software platform with CIT’s ATM and debit card issuing kiosk systems.

 The Univision Prepaid MasterCard Card® (Tarjeta Univision MasterCard Prepagada®) and the Univision MasterCard Gift Card® (Tarjeta de Regalo Univision®), two new prepaid financial services, were introduced after Univision Communications has announced a strategic alliance with MasterCard Worldwide. These two prepaid cards are being designed to provide Hispanic consumers with access to relevant, flexible and valuable financial tools that can be used anywhere Debit MasterCard is accepted. The services are expected to be available nationally in 2010. 

 Western Union offers its clients a new Visa prepaid gift card and greeting card owing to which enabling consumers are allowed to send the gift of money through Western Union branded prepaid gift cards available at the company’s site. Stewart A. Stockdale, Executive Vice President and President, The Americas for Western Union said: "The launch of the Western Union prepaid Visa gift card complements Western Union's consumer experience when giving the gift of cash.

 Warka Bank, a leading investment and finance institution in Iraq, today announced the launch of a suite of MasterCard payment solutions for consumers and businesses in Iraq. At the same time, Warka Bank also unveiled the completion of its ATM network and the bank’s plan to establish the widest point-of-sale (POS) network in Iraq. Warka Bank will process MasterCard credit and debit transactions through its extensive ATM and POS networks throughout the market.

Springbok Services today introduced its enPay® prepaid payroll cards, a convenient and cost-effective alternative to paper payroll checks. As part of Springbok’s payroll offering, the company is also launching Springbok Bill Pay, an automated bill payment service to help cardholders fully leverage the value of their prepaid payroll cards.

GamCare, the leading national authority on the provision of advice, practical help, support and counseling in addressing the social impact of gambling, have today supported the use of prepaid debit cards as a practical means by which online gamblers can monitor their online gambling budget. To reinforce this message, Eclipse Prepaid MasterCard today announced the launch of a specialist landing page for customers wanting to deposit money into their gaming accounts.

Travelex, the world’s largest foreign currency prepaid cards provider, and MasterCard Worldwide announced today that the relationship between these two campnies will be extended and the global prepaid transaction processing capabilities of MasterCard will be implemented. As part of the new global agreement Travelex, which already issues and distributes MasterCard Cash Passport™ cards, will launch new MasterCard branded consumer and corporate Cash Passport programs around the world utilizing IPS. Travelex will also convert existing programs to MasterCard.