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Prepaid Debit Card Topics

Feds in NYC: Hackers Stole $45M in ATM Card Breach

A gang of cyber-criminals stole $45 million in a matter of hours by hacking their way into a database of prepaid debit cards and then draining cash machines around the globe, federal prosecutors said Thursday.

Wal-Mart and Amex prepaid card gets FDIC insurance

American Express and Wal-Mart announced Tuesday that their prepaid debit card accounts will now be backed by the Federal Deposit Insurance Corp., making them one of the last major providers to sign on to the government backstop. Read full article >>

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