Movocash news and trends

Topic TBD: Reaching The Great Unbanked Generation
Retail // March 27, 2017

There is no shortage of attention paid to millennials. As the largest age cohort today at 83 million strong, they are hard to overlook. And fascinating to talk and write about. Despite all of the ink spilled on the subject of this generation, a few...

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Metropolitan Commercial Bank to Pay $15 Million Penalty for Fraud Oversight

October 19, 2023
Metropolitan Commercial Bank (MCB) has agreed to pay a penalty of $15 million following an investigation by the New York State Department of Financial Services (DFS). Superintendent of Financial Services Adrienne A. Harris announced that MCB had failed to properly oversee its MovoCash Digital Prepaid Visa Card Program, leading to fraud actors diverting pandemic unemployment […]