‘Tis the season for making gift cards a more attractive option to buyers. Card Lab Inc. and Visa have launched a new online Visa gift-card site that offers customizable gift cards in denominations of $10 to $250 embossed with either an uploaded personal image or from a site-image catalogue. Letting users choose their own card design is a premise born out of UK-based card design firm Serverside, which, in addition to PayJr Inc. of Dallas, has partnered with Card Lab to support GiftCardLab.com. “Our partnership with Card Lab will give shoppers a new channel through which to get a Visa Gift card, with the added ability to customize each card for a truly personal gift,” says Steve Diamond, vp, prepaid products for Visa. Serverside and PayJr previously teamed on backing the customizable PayJr VisaBuxx prepaid card for the teen market. The new designable prepaid cards will be issued by Marshall Bank, N.A., according to a release.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6 -
Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
February 6 -
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
February 6 -
While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





