Maximize Your Gift Card Program This Holiday Season
Gift cards can be a lucrative source of income for retailer, especially around the holiday season. "Business owners need to understand the new gift card rules and disclosure requirements so they can educate their customers and help increase their gift card sales,” said Jeff Lipp, executive director of loyalty at Heartland Payment Systems, in a recent news release.
Heartland Payment Systems offers six easy ways retailers can maximize their gift card programs.
08 December 2010
07 December 2010
Banks Look to Prepaid Cards to Replace Lost Revenue
Banks Look to Prepaid Cards to Replace Lost Revenue - WSJ.com
Big banks may soon start pushing a different type of plastic to their customers.
Financial institutions such as U.S. Bancorp, Wells Fargo & Co. and Bank of America Corp. are exploring prepaid cards as a way to make up revenue that will likely be lost from federal restrictions on debit cards. That is because prepaid cards, which are preloaded with funds and used like debit cards, are exempt from restrictions in the Dodd-Frank financial-overhaul bill.
Visa prepaid cards by Green Dot at a drugstore in New York.The law, enacted earlier this year, is expected to reduce significantly the transaction fees that banks collect from merchants with each swipe of a debit card, known as interchange fees. The Federal Reserve hasn't yet provided details on the new debit-card restrictions, but a survey released by CardHub.com last month estimated banks could lose as much as $9 billion of the $22.8 billion collected each year in interchange fees."
Big banks may soon start pushing a different type of plastic to their customers.
Financial institutions such as U.S. Bancorp, Wells Fargo & Co. and Bank of America Corp. are exploring prepaid cards as a way to make up revenue that will likely be lost from federal restrictions on debit cards. That is because prepaid cards, which are preloaded with funds and used like debit cards, are exempt from restrictions in the Dodd-Frank financial-overhaul bill.
Visa prepaid cards by Green Dot at a drugstore in New York.The law, enacted earlier this year, is expected to reduce significantly the transaction fees that banks collect from merchants with each swipe of a debit card, known as interchange fees. The Federal Reserve hasn't yet provided details on the new debit-card restrictions, but a survey released by CardHub.com last month estimated banks could lose as much as $9 billion of the $22.8 billion collected each year in interchange fees."
Banks Look to Prepaid Cards to Replace Lost Revenue - WSJ.com
Banks Look to Prepaid Cards to Replace Lost Revenue - WSJ.com
Big banks may soon start pushing a different type of plastic to their customers.
Financial institutions such as U.S. Bancorp, Wells Fargo & Co. and Bank of America Corp. are exploring prepaid cards as a way to make up revenue that will likely be lost from federal restrictions on debit cards. That is because prepaid cards, which are preloaded with funds and used like debit cards, are exempt from restrictions in the Dodd-Frank financial-overhaul bill.
Visa prepaid cards by Green Dot at a drugstore in New York.The law, enacted earlier this year, is expected to reduce significantly the transaction fees that banks collect from merchants with each swipe of a debit card, known as interchange fees. The Federal Reserve hasn't yet provided details on the new debit-card restrictions, but a survey released by CardHub.com last month estimated banks could lose as much as $9 billion of the $22.8 billion collected each year in interchange fees.
Big banks may soon start pushing a different type of plastic to their customers.
Financial institutions such as U.S. Bancorp, Wells Fargo & Co. and Bank of America Corp. are exploring prepaid cards as a way to make up revenue that will likely be lost from federal restrictions on debit cards. That is because prepaid cards, which are preloaded with funds and used like debit cards, are exempt from restrictions in the Dodd-Frank financial-overhaul bill.
Visa prepaid cards by Green Dot at a drugstore in New York.The law, enacted earlier this year, is expected to reduce significantly the transaction fees that banks collect from merchants with each swipe of a debit card, known as interchange fees. The Federal Reserve hasn't yet provided details on the new debit-card restrictions, but a survey released by CardHub.com last month estimated banks could lose as much as $9 billion of the $22.8 billion collected each year in interchange fees.
02 December 2010
Mint Announces New Director and Updates Market on Middle East Business
Mint Announces New Director and Updates Market on Middle East Business
Mint Technology Corp (TSX VENTURE:MIT)('the Corporation') announced today the appointment of Mr. Nabil Bader as a Director of the Corporation and the resignation of Mr. Robert Raich. The Board thanks Mr. Raich for his contribution and support over the last 18 months.
Mr. Bader is the CEO of the Corporation's 60% owned subsidiary, Mint Middle East LLC ('MME'), and is based in Dubai, United Arab Emirates. 'Nabil is a pioneer in the prepaid space in the Middle East North Africa (MENA) region and currently has executive responsibility for the Corporation's Middle East subsidiary and its business development throughout the region. He brings to the Board hands on business experience for our financial products in this rapidly growing territory and on behalf of the Board, we welcome him', said Chris Hogg, Mint's President and CEO.
Mint Technology Corp (TSX VENTURE:MIT)('the Corporation') announced today the appointment of Mr. Nabil Bader as a Director of the Corporation and the resignation of Mr. Robert Raich. The Board thanks Mr. Raich for his contribution and support over the last 18 months.
Mr. Bader is the CEO of the Corporation's 60% owned subsidiary, Mint Middle East LLC ('MME'), and is based in Dubai, United Arab Emirates. 'Nabil is a pioneer in the prepaid space in the Middle East North Africa (MENA) region and currently has executive responsibility for the Corporation's Middle East subsidiary and its business development throughout the region. He brings to the Board hands on business experience for our financial products in this rapidly growing territory and on behalf of the Board, we welcome him', said Chris Hogg, Mint's President and CEO.
Fed’s Duke Says Regulators Should Watch Prepaid Credit Cards
Fed’s Duke Says Regulators Should Watch Prepaid Credit Cards - Bloomberg
Federal Reserve Governor Elizabeth Duke said U.S. regulators need to protect consumers from differences among prepaid credit cards and other payment “devices.”
“It will be important for regulators to monitor, over time, the effect of differences in regulation and pricing restrictions to ensure that consumers are adequately protected regardless of their payment method preferences,” Duke said today in the prepared remarks of a speech at the Philadelphia Fed.
Consumers cannot be expected to know the differences between payments made using prepaid cards, which are subject to different regulations and fee restrictions based in part on their issuers and type, Duke said during speech at a conference on consumer credit.
Federal Reserve Governor Elizabeth Duke said U.S. regulators need to protect consumers from differences among prepaid credit cards and other payment “devices.”
“It will be important for regulators to monitor, over time, the effect of differences in regulation and pricing restrictions to ensure that consumers are adequately protected regardless of their payment method preferences,” Duke said today in the prepared remarks of a speech at the Philadelphia Fed.
Consumers cannot be expected to know the differences between payments made using prepaid cards, which are subject to different regulations and fee restrictions based in part on their issuers and type, Duke said during speech at a conference on consumer credit.
01 December 2010
Shares in prepaid card firms mixed on analyst note
Shares in prepaid card firms mixed on analyst note - BusinessWeek
Shares in prepaid card industry companies were mixed Monday after a Goldman Sachs analyst outlined favorable trends for consumer adoption of prepaid cards and initiated coverage on two of the sector's largest card providers.
In a research note, analyst John Williams said prepaid card usage should grow over the next several years as consumers continue to shift from using cash and checks toward electronic payments and, in some cases, back off using traditional bank cards amid concerns over fees.
Williams also noted that prepaid cards were spared in a legislative ramp up of regulatory oversight on the financial industry.
Shares in prepaid card industry companies were mixed Monday after a Goldman Sachs analyst outlined favorable trends for consumer adoption of prepaid cards and initiated coverage on two of the sector's largest card providers.
In a research note, analyst John Williams said prepaid card usage should grow over the next several years as consumers continue to shift from using cash and checks toward electronic payments and, in some cases, back off using traditional bank cards amid concerns over fees.
Williams also noted that prepaid cards were spared in a legislative ramp up of regulatory oversight on the financial industry.
29 November 2010
More employers offering paycards to workers instead of checks
More employers offering paycards to workers instead of checks - Los Angeles Times
Paper or plastic — it's not a question just for the grocery store checkout line anymore. Now some employers are facing it when figuring out the most efficient way to pay workers.
These companies are trying to eliminate paper paychecks for employees who don't do direct deposit, and instead issue them payroll debit cards, also called paycards
Paper or plastic — it's not a question just for the grocery store checkout line anymore. Now some employers are facing it when figuring out the most efficient way to pay workers.
These companies are trying to eliminate paper paychecks for employees who don't do direct deposit, and instead issue them payroll debit cards, also called paycards
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