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| Processor deal allows prepaid card use on surcharge-free ATM network |
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Allpoint Network access was added to the a la carte menu of third-party services offered by TxVia, which enables emerging payments and financial services. Through this partnership, program managers looking to TxVia for transaction processing can open the Allpoint Network to their cardholders, making surcharge-free cash access a reality at over 43,000 ATMs in retail locations. “At TxVia, we don’t see prepaid cards as an isolated category of payments,” says Jonathan Weiner, executive vice president, TxVia. “As it continues to evolve as a payment instrument, especially with reloadable prepaid cards gaining traction as cost-savings solutions in areas such as payroll and government benefit disbursements, prepaid has been and must converge with convenient cash access.” “For the individual receiving payroll or some other regular disbursement on a prepaid card, it’s quite likely they don’t have a traditional financial institution relationship, making a bank- or credit union-located ATM somewhat irrelevant to their lives,” says Ben Psillas, president, Allpoint Network. “Allpoint Network surcharge-free ATMs are easily found in America’s best-known retailers. And that positioning enables prepaid cardholders to withdraw cash at the same place they pick up life’s essentials.” http://www.allpointnetwork.com/news/2012/01-18-12.html |
| TechTopics Plus |
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- Pass the Aspirin: Saving money on AML compliance
- Banks & social media: shred your marketing beliefs (June 04, 2009)
- Time to ramp up mortgage lending? (May 28, 2009)
- Top Community Banks: A nonprofit specialist profits (May 29, 2009)
- 1st Quarter Bank Earnings: Some good news, and some cautions (May 29, 2009)
- Strategies you need for turbulent times (May 21, 2009)
- "Jack Welch didn't like my plan" (May 21, 2009)
- Exclusive Survey: Compliance concerns slow new-media rollouts by banks (May 11, 2009)
- 10 steps to defusing loan-mod bombs (updated) (May 4, 2009)
- Basics about Obama homeowner plan
- More help for mortgage modifiers (May 14, 2009)
- 14 ways to add greenbacks (May 7, 2009)
- 7 industries that are up during recession
- Bank hits the road to make a point (April 30, 2009)
- Commercial deposits are key (April 30, 2009)
- Why you should be looking for trouble carefully (April 30, 2009)
- Who's ripping off your bank? (April 22, 2009)
- It wasn't ALL the banks
- Leverage strategies: Is now the right time? (April 23, 2009)
- Current economy promises new risks in commercial bankruptcy filings (April 14, 2009)
- SVB prefers outsourced investment reporting (April 15, 2009)
- You can fight proposed enforcement actions (April 8, 2009)
- Bankers to Washington: Are we lending or not? (April 3, 2009)
- The seven worst performing retail industries in 2008
- Four letters that need better explaining (April 9, 2009)
- Bair calls for end to too big to fail (April 3, 2009)
- 5% solution for securitization? (April 3, 2009)
- Everyone is a risk professional
- Liquidity challenge (March 24, 2009)
- Dealing with your CRE portfolio (March 23, 2009)
- What to expect in CRE exams
- How not to defend yourself when examiners attack
- D&O coverage tougher to get (March 20, 2009)
- The return of lender liability (March 13, 2009)
- Memo to CEOs: Who's going to fill your shoes? (March 13, 2009)
- Bankers sound off on FDIC's emergency assessment (March 6, 2009)
- Burning Billions (March 6, 2009)
- The Third Annual "Books Bankers Live By"
- Four misconceptions that hurt banks (February 27, 2009)
- Bank "podcasts" a message of strength (February 26, 2009)
- Fed Governor Duke urges banks to handle surge of unavoidable foreclosures (February 20, 2009)
- Watch out for cracks in your audit coverage (February 10, 2009)
- How will your bank get loans to Main Street in 2009? (January 16, 2009)
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