Currency Is Evolving – Are You Prepared for Money2020?

We’ve been looking forward to this week’s Money2020 Expo all year. This convention features over 300 speakers, all focused on the how consumers and businesses are using money today and in the future. To celebrate this event, we’re taking a look at some of our more popular blog posts on the latest trends in the evolution of currency.

Beyond Paychecks: In June, we looked at the benefits many employers are experiencing when they switch from paper paychecks to prepaid payroll cards. Not only can the cards save employers an average of $4 or $5 per check, but employees with limited access to traditional banking services benefit as well.

Next for Mobile: Conversion from paper to prepaid wasn’t the only thing on our mind this summer. A convention like Money2020 is full of discussions and presentations on how mobile technology is challenging the industry. Is near field communication (NFC) essential? Will virtual gift cards and online loyalty programs steal the show? Like many forward-thinking companies, we’re keeping a close eye on the future of mobile payments.

New Opportunities for Banks: Recently, we challenged banks that have begun offering General Purpose Reloadable (GPR) prepaid cards to consumers in need of non-traditional banking services: why not small business clients, too? With the growing popularity of prepaid cards, banks and their business clients can both benefit from a prepaid partnership.

There is so much to see and learn at a convention with the scope of Money2020 Expo. One thing is for sure, however. We’ll be coming home with an even better understanding of this dynamic industry.