Prepaid Cards

More than 80% of the fare value collected by the Dallas Area Rapid Transit System at its ticket windows and on its buses comes in the form of cash, so next spring the transit agency will start offloading that cash onto local 7-Elevens and other stores. DART and PayNearMe Inc., …

The increasingly dramatic proxy fight at prepaid card issuer Green Dot Corp., a fight that could cost its founder, chairman, and chief executive Steven W. Streit his job if management loses, took an interesting turn Monday when Green Dot said it would appoint George Gresham, a director nominee from the …

• WePay Inc. introduced a service that allows business-services platforms to offer card readers under their own brand to merchants for mobile acceptance of mag-stripe and EMV chip cards. Standard processing rate is 2.75% plus 30 cents. The first platforms to take advantage of the service are FreshBooks and Infusionsoft. …

Gift cards are the target of a crackdown in the first half of 2016. Next month, PayPal Holdings Inc. will no longer allow items equivalent to cash, including gift cards, to be covered by PayPal’s Seller Protection program for merchants. And prepaid card provider Blackhawk Network Holdings Inc. recently reported …

• PayPal Holdings Inc. no longer will provide purchase protection for transactions made on crowdfunding platforms such as Kickstarter, potentially dealing a blow to the nascent crowdfunding industry, CNBC reported. • In a letter to Green Dot Corp. shareholders, Harvest Capital Strategies, which owns 9.3% of Green Dot, said it …

BitPay Inc. made its name signing up merchants to accept the bitcoin digital currency, and now it’s adding a reloadable Visa prepaid card to its consumer-facing products. The card will enable users to make purchases at the millions of Visa-accepting merchants as well as the relative handful that accept bitcoin, …

With its contested annual shareholder meeting coming up in less than three weeks, embattled Green Dot Corp. chief executive Steve Streit on Wednesday said the prepaid card card and mobile-banking provider and tax-payment processor’s prospects are improving as key measures of customer activity strengthen. Pasadena, Calif.-based Green Dot reported first-quarter …

• Merchant processor North American Bancard Holdings introduced its Inovio Payment gateway service; NAB says Inovio’s name is taken from the word “innovation” and that the service, which includes a virtual point of sale and hosted checkout solutions, will open new markets for the company. • Wal-Mart Stores Inc. has changed …

• Prepaid card and mobile-banking provider Green Dot Corp. named three new independent directors to its board and non-independent director Sam Altman stepped down as the company expanded its board from eight to 10 directors, all but one of them now independent. Green Dot shareholder Harvest Capital Strategies LLC, which …

• Prepaid card services provider Blackhawk Network Holdings Inc. acquired extrameasures LLC, a promotions and incentives firm that offers Visa-branded and private-label rewards and gift cards. The deal follows Blackhawk’s acquisitions of other incentives companies, including Parago, InteliSpend, CardLab, and Incentive Solutions.   • Prepaid card provider Green Dot Corp. …