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Podcast: Payments on Fire™
Episode: Episode 147 - The Apps of the Card World: Closed Loop Prepaid - Dom Morea, Fiserv
Description: Prepaid cards are the "apps" of the card world. Join George and Fiserv's Head of Prepaid Dom Morea as they introduce prepaid's twin modalities - open loop and closed loop - and then dive into how the gift card industry has morphed into a far broader set of uses cases. And plan to return for the next episode as they discuss open loop's evolution. Card payments have four modalities: Charge Cards. There are charge cards that are a form of very short term credit, you pay off in full the monthly statement Credit Cards add the...