Currently Browsing: Payments
Sep 22, 2010
Fifth Third Processing acquires Springbok’s prepaid platform
Cincinnati, Sept. 21, 2010 -- Fifth Third Processing Solutions, LLC, today announced that it has acquired certain assets of Englewood, Colorado based Springbok Services, Inc. The assets were acquired by Fifth Third Processing Solutions in connection with Springbok's Chapter 11 bankruptcy proceeding and include Springbok's cutting edge reloadable prepaid card processing platform. Founded in 1998, Springbok... read more
Aug 17, 2010
The Fed approves gift card rule extension
Washington, Aug. 11, 2010 -- The Federal Reserve Board on Wednesday announced its approval of an interim final rule implementing recent legislation modifying the effective date of certain disclosure requirements applicable to gift cards under the Credit Card Accountability Responsibility and Disclosure Act of 2009. For gift certificates, store gift cards, and general-use prepaid cards produced prior to... read more
Aug 5, 2010
Dear PayPal, We Just Want to Have Our Class Reunion
I have decided that PayPal is the PAP Smear of the payments industry: for those who are familiar with PAP Smears, you know you hate them, but they are a necessarily evil. I couldn’t come up with a better analogy (or one that was of a male-gender, for that matter) to describe the bureaucratic nightmare that is the spawn of eBay. Why do I use such harsh words about an entity that I have fondly... read more
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