debit cards Archive

Prepaid card users will finally be protected from fraud and crazy fees

If you’ve been out of touch with the FinTech market recently you may have missed how popular prepaid cards have become. This is especially true when it comes to “open-loop” cards, which are prepaid cards powered by a processor like Visa or MasterCard that can be used anywhere a credit or debit card is accepted. These accounts now look and feel increasingly similar to an actual …

UnionPay’s mobile payments land in North America with Canada debut

China’s UnionPay is bringing its mobile payment system to North America, starting with a launch today in Canada. The UnionPay International subsidiary of China’s interbank network in China, which creates a unified debit and credit card payment network for the country’s banks. UnionPay is actually the third-largest payment network in the world, behind Visa and MasterCard, owing to its reach, and is also increasingly accepted …