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Uber Money Head Quits As Company Moves Away From Financial Operations

PYMNTS

In an email, Uber CEO Dara Khosrowshahi said the company isn’t prioritizing several finance-related projects, such as credit cards, a digital wallet and instant payments for drivers. The program also aimed to integrate Uber’s gift cards and value deals. Hazlehurst had taken pride in the digital wallet idea.

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Wild Cards? Gambling, Payroll, Other Models Provide Fresh Fuel For Prepaid

PYMNTS

Cards (as in prepaid, stored-value cards that consumers can use for gambling, payroll and a variety of other uses, many of them novel) are only half the battle. To get a sense of how the world of payments and cards has changed, Cregan told Webster a story about a conference he attended in Las Vegas in 2009.

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Washington’s Metro System Plans For Mobile Payment Future

PYMNTS

“Mobile fare payment is the future of transit, giving customers the ability simply to tap their phone and go, all without stopping at a fare vending machine or using a separate card,” Metro General Manager Paul J. Not only will this be a better, easier experience, but will cost less to operate.”. Wiedefeld said in a statement.

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Lexicon Bank: A bank that shows its hand

Independent Banker

Stacy Watkins (left), president and CEO, and Hilary Nelson (right), senior vice president and director of operations and compliance, at the Las Vegas Strip. When it comes to supporting outliers in the Las Vegas community, Lexicon Bank knows how to play its cards. Location: Las Vegas, Nev.

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Marqeta Expanding Overseas, Sets Up Shop In The UK

PYMNTS

Investing.com , citing a Reuters report, said that the company, which helps other startups issue payment cards, has set its sights on London and has already hired five employees and signed up customers. The startup has created a platform that makes it easier to issue payment cards. than the startups operating out of the U.S.

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Marqeta Reserve Gives Issuers Options To Prefund Digital Card Programs

PYMNTS

Marqeta , a card issuing platform, has introduced a new service called Marqeta Reserve Financing, which is designed to help businesses incorporate a reserve financing option into their workflow, according to a release. The new service was announced at the Money2020 conference in Las Vegas on Tuesday (Oct. On Monday (Oct.

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MGM Resorts Admits To 2019 Hack

PYMNTS

MGM Resorts International, a hotel and casino operator, admitted it had experienced a data breach following a report saying information on 10.6 The hotel said the data breach didn’t involve any password, financial or payment card information, and that all the guests who were affected were notified of the incident.

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