Motivano to Exit Flex Business
AVON, CT (March 5, 2008) Evolution Benefits has agreed to acquire the assets of Motivano’s SmartFlex benefits debit card business. Motivano said it made the decision to exit the flex business in order to focus on their other products.
“After meeting with all our key competitors, we determined Evolution Benefits’ platform was […]

continue reading.....

Procesa to Handle Transactions
AUSTIN, TX (March 3, 2008) NetSpend Corporation has entered into an agreement with Procesa International, LLC, that will give NetSpend customers the ability to pay bills or load minutes to cell phones for friends or family members living in Mexico, Central or South America. Procesa International is the sister company of Procesa-Mexico, […]

continue reading.....

Cashing Business Acquired in Management Buy Out
HERNDON, VA (March 5, 2008) Phoenix Check Cashing, Inc. announced that it has completed the purchase of the BioPay Paycheck Secure business from Solidus Networks / dba Pay By Touch. Pay by Touch experienced severe financial problems after acquiring Pay By Touch in 2006 and decided to sell several […]

continue reading.....

 
BRENTWOOD, Tenn.–(BUSINESS WIRE)–A new Israeli technology brought to the U.S. by Secure Identity Systems (SIS) thwarts credit and debit card fraud, and potentially stops ID thieves in the act. This in turn helps banks better protect customers, […]

continue reading.....

On balance, it’s a smart move, but expect fees, take precautions
By Jeremy Simon and Emily Starbuck Gerson
If you’re taking a foreign trip, a credit card can be the best and safest way to pay for travel costs.  Even so, it pays to take precautions when traveling with plastic, especially when leaving the country. These 10 […]

continue reading.....

Obama, Clinton push reform; McCain silent
By Kayt Sukel

With credit card delinquencies ramping up and the words “credit” and ”crisis” welded together in economic reports, the three remaining major candidates for president have different ways to attack the problem. Democratic Sens. Barack Obama and Hillary Clinton propose activist regulatory solutions, Republican John McCain is mostly mum, but if his […]

continue reading.....

By Kitty Bean Yancey, USA TODAY
Think carefully before handing over a debit card at a hotel front desk.
After saving for a San Francisco vacation, Manhattanite Lauren Hopkins checked into the Oakland Marriott City Center in August and was asked for a card to cover incidentals she might incur, such as meals, Internet connection or minibar […]

continue reading.....

 
By MADLEN READ – 2 days agoNEW YORK (AP) — Asset manager Ameriprise Financial Services Inc. is pairing up with MasterCard Inc. to become a credit card lender for the first time, the two companies planned to announce Monday.
It looks like a tough time to be entering the credit card space. Default […]

continue reading.....

Financial Experts: Plan ‘Makes It Way Too Easy’ to Get Cash From Savings
By Rich Thomaselli
Published: March 10, 2008
NEW YORK (AdAge.com) — At a time when mortgage defaults are at an all-time high, a New York company is marketing a debit card that allows users to withdraw money from their company […]

continue reading.....

Leawood, KS, February 28, 2008 – Euronet Worldwide Inc. (”Euronet” or the “Company”) (NASDAQ: EEFT) announced today that it has decided not to submit a proposal to acquire MoneyGram International, Inc. (”MoneyGram”) (NYSE: MGI). Euronet has ceased discussions with MoneyGram and its advisers regarding a potential acquisition of MoneyGram.Michael J. Brown, Euronet’s Chairman and Chief […]

continue reading.....