Prepaid Cards

Gift Card Spend Averages $59 Over Face Value

First Data’s 2018 Prepaid Consumer Insights Study found that the average consumer is spending $59 more than the original value of their gift card, marking an increase from $21 a year ago. In a press release, First Data said the report shows a significant lift is being generated from gift card spending.

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Data: Reinventing the Gift Card

As the gift card market grows and becomes increasingly digital, so has the product’s utility. Thus, many consumers are shifting their habits and buying gift cards for themselves either due to an incentive program or to help with budgeting.

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Ride-hailing App Grab Launches Prepaid Mastercard

Southeast Asian ride-hailing app Grab is pushing further into payments through the launch of a prepaid Mastercard card. Grab will issue both virtual and physical prepaid cards directly from its app.

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Ride-hailing App Grab Launches Prepaid Mastercard

Southeast Asian ride-hailing app Grab is pushing further into payments through the launch of a prepaid Mastercard card. Grab will issue both virtual and physical prepaid cards directly from its app.

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Tech Duo Brings New Crypto Card to American Consumers

Wirex Joins Forces with i2c to Launch Crypto prepaid Card, making it Easy to Convert and Spend Digital Currency.

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VIDEO: How Long Do Consumers Hold on to a GPR Prepaid Card For?

– 58% of consumers won’t hold a general purpose reloadable card 5 months– 35% claim to have kept a card 6 months or longer– Per usual, lowest-income earners (24%) are most likely to hold for over a year“Its data relatively consistent with prior year’s levels – and points out that penetration of the core users […]

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VIDEO: What Percent of Buyers Use Retail-Specific Prepaid Cards as Gifts?

39% of buyers give retail-specific gift cards as presents. But a lot – 28% – buy gift cards for the rewards. A similar number, 26% buy prepaid gift cards as a way to get a discount.

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VIDEO: When It Comes to Gifting Is Cash or Prepaid King?

Whether receiving funds as a gift, or just receiving funds generally, theres a steep and steady decline in consumers receiving funds on prepaid cards…

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VIDEO: 4 in 5 Mobile Payers Also Bought a Prepaid Card Last Year

Prepaid card purchasing took a dip in 2017 down to 56% of consumers having bought one in the last year – the same % as 2014. In 2015 and 2016, purchase volumes were on the rise: 61% and 63% respectively. The drop might be because of retail store closings like Kmart & Sears. Or the […]

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VIDEO: Are Young Adults More or Less Likely to Buy Prepaid Cards?

Young adults are more likely than average to buy prepaid cards but there’s a relatively serious decline underway in the number of 25-34 years olds buying prepaid cards. In 2016, 81% of 25-34 years olds had bought a prepaid card in the last year. Today, 66% of 25-34 year olds have bought a prepaid card […]

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Comerica Scrambles to Address Fraud in Prepaid Benefits Program

Comerica Bank has shut down a component of its prepaid card program for federal benefits recipients after a recent spate of fraud cases.

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Coinbase Launches Crypto Gift Card Service in Europe

U.S.-based cryptocurrency exchange Coinbase is now offering a way to let customers purchase retail goods and services using crypto assets, thanks to a new partnership with a digital gift card startup.

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