March 16, 2006 |
U.S. Treasury officials are planning a crackdown on so-called prepaid cards, an increasingly popular payment instrument, to help safeguard the financial system from a surge in money laundering and other crimes including terrorist financing. The officials outlined plans for a regulatory clampdown on the instruments, also known as stored-value cards, at an anti-money-laundering conference in Hollywood, Fla.
July 22, 2010 |
Green Dot Corp., the largest U.S. provider of reloadable prepaid debit cards, jumped 22 percent after convincing buyers to pay more than the forecast price range for its $164 million initial public offering. Shares of Green Dot climbed $7.99 to $43.99 Thursday after management and stakeholders sold 4.56 million shares at $36 each on Wednesday, according to Bloomberg data. The Monrovia, Calif.-based company initially offered 3.85 million shares for $32 to $35 before increasing the size of the offering, its filings showed.
October 6, 1997 |
In a country with only 100,000 or so computers and a state-controlled media, Vo Dinh Thi's idea was almost revolutionary. Even his mother said he was foolish to throw his money away on such a hare-brained scheme. But Thi went ahead and remodeled his little cafe on Le Duan Street, two blocks from the abandoned U.S. Embassy. He taught his staff to make the best cappuccino in town and he put in three computers, offering customers something that is still rare in Vietnam: e-mail.
CALIFORNIA | LOCAL
November 1, 1996 |
Local DWP customers annoyed by improper billing, large security deposits and the usual two-month payment interval have a new option, thanks to a pilot program implemented in the Valley this fall. The new metering system is a "pay-as-you-go" plan similar to prepaid phone cards. During a yearlong trial period, the DWP will install for free a small box in any residence. Customers can use the box to monitor electricity use during 24-hour and/or 30-day intervals.
October 8, 2012 |
Retail giant Wal-Mart Stores Inc. and American Express are teaming up to offer low-income shoppers a prepaid card, touting it as a more affordable alternative to debit cards. Called Bluebird, the card is aimed at “customers who are disillusioned or excluded by the rising cost of banking services,” the two companies said in a Monday statement. The card, which has been tested since March, will be available next week online and in Wal-Mart stores. Bluebird, which functions somewhat like a checking account, can be used anywhere that accepts American Express cards.
December 3, 1999 |
A computer network problem at AirTouch Communications has prevented some Southern California customers with pre-paid calling cards from making calls, the company said. The problem surfaced late Wednesday evening, when card owners were getting fast busy signals instead of reaching their party, said Andrew Colley, a company spokesman. AirTouch declined to say how many people were affected in Orange, Los Angeles, Riverside, San Bernardino and Ventura counties.