Every time a company makes a payment by check, direct deposit, or automated clearing house (ACH), it shares its bank account information with the entity receiving the payment. That occurs because a routing and account number are required for the payment to go through. If a company decides to pay…
It's now more important than ever to educate children on the importance of savings. Talking with them at an early age is critical for them to learn financial literacy. 69% of parents gave an allowance to their children (ages 4 - 14) in 2019 and the average amount was about…
There is an ongoing story developing in Europe of debit card and challenger bank middleware giant Wirecard. They have been thrown into crisis after an audit uncovered over $2 Billion in bonds on their balance sheet that were unaccounted for, causing them to file for insolvency in Germany. There has…
Did you know that it’s possible to pay living or business expenses without needing a checking or savings account? Prepaid cards for underbanked or unbanked individuals offer a smart, simple solution that just about anyone can use. If someone doesn’t have a bank account, or they live in an area…
What does someone do if they want or need to pay with a card, but they don't have a checking account and don't have the credit history to open a credit card account? What about people who don't want to have access to all their funds with a single swipe…
Technological advancements have led to the development and popularity of electronic money (e-money), which is a cashless payment method. Companies that want to offer their clients this service in Europe must obtain an e-money license. If you want to provide a wider range of services to your clients, an e-money…
Creating prepaid debit card programs has become more mainstream than ever for business leaders who want a simpler, safer way to make purchases. With the rise of prepaid programs within companies, comes the need for effective management strategies. That’s why, when you choose a prepaid card program manager, it’s important…
The Bureau of Labor Statistics reports that as of 2018, independent contractors made up almost 7% of the workforce. These workers play a big role in the U.S. economy, and they can be found in all types of industries and businesses. Today, many company leaders are enhancing efficiency by investing in…
In our previous post, we answered some of the more common questions we hear about prepaid cards. Another question we are asked on a regular basis is, “Can I use a virtual card instantly?" The short answer is, Yes. Since your virtual card is linked to your bank account or…