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In 2016, prepaid card market transactions reached $290 billion1 and as the industry evolves, we’re seeing a shift in industry focus and an expansion of providers. Expansion Drives Competition Historically, the prepaid card market has been dominated by giants like Green, H&R Block, Kaiku Finance and others. However, the significant expansion over the last few […]
As more and more providers enter the Prepaid Card Market, it has become increasingly harder for consumers to navigate. To keep the public aware and provide an additional layer of protection, the Consumer Financial Protection Bureau (CFPB) introduced a new set of rules to create comprehensive consumer protections for prepaid accounts on April 1, 2019. […]
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