Even so, because of the shabby shenanigans over the choice of the bank's first president, Europe's governments have managed the unlikely feat of casting serious doubts over its independence.

ECONOMIST: Fanfare for the euro | The

Previously, non-banks in the U.S. would have to negotiate a contract with a chartered, regulated banking entity like Choice Bank Limited in Belize or First Covenant Bank in Georgia or MetaBank in Iowa for their prepaid card issuing.

FORBES: Payoneer Quietly Enters Gibraltar Prepaid Market