Prepaid cards have evolved to de facto bank accounts for many customers.
Prepaid cards are seen as an entry point into the financial system for the underserved, and as a result of recent regulations, offer protections comparable to debit and credit cards.
JPMorgan identified a demand for the offering based on requests from its corporate clients, who highlighted the need for comprehensive financial solutions embedded into their own ecosystems.
This year, JPMorgan has actively expanded its presence in the payments sector, aiming to develop new growth opportunities and deliver a broader range of interoperable products and services.
Expectations for instant gratification permeate many aspects of consumer behavior including payments.
Discover's Judith McGuire talks about the evolution of the payments industry over the past decade and how Discover is adapting to meet consumer demands in payment processing.
To commemorate March's International Women's Day, Tearsheet engaged in conversations with some of the prominent women leaders in the US payments industry.
Our discussions explore their current roles while reflecting on their career journeys that paved the way for them to be at the top of their game.
The Earned Wage Access terrain is anything but predictable and straightforward.
Recent regulatory shifts raise questions about banks expanding partnerships with EWA providers and if they might hinder the potential rise in instant payment adoption, particularly among regional banks.
It seems like $1 trillion is the new hot number. Recently Zelle said that it is on track to reach the $1 trillion payment volume mark this year, and now Stripe says that it too has crossed the payment volume benchmark.
Stripe's annual letter shows that the company had a good year, from its payment volume rising by 25% to its success with startups through its Atlas product.