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CFPB Pushes Prepaid Card Rule Implementation Back A Year

PYMNTS

The rule, initially passed, also modified requirements for the prepaid card industry in regards to official procedure on lost or stolen cards, error resolution and investigation, fee disclosures, access to account information and overdraft features, if offered in conjunction with prepaid accounts.

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FICO Fights Prepaid Card Fraud with AI and Machine Learning

FICO

grew to $324 billion in 2017 from $208 billion in 2012, according to Mercator Advisory Group, a research and consulting firm. It’s no illusion––prepaid services are one of the fastest-growing segments of the financial payments industry. It projects the market to grow at an annual rate of around 10%, reaching $428 billion in 2021.”.

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