Prepaid Goes MainstreamArticle from American Banker: Prepaid Goes Mainstream Green Dot CEO Steven Streit discusses the growing consumer acceptance of reloadable prepaid debit cards. Mortgage Investors Threaten to Sue Over National Settlement Mortgage bondholders are crying foul — and lining up their lawyers — over losses they would incur if servicers write down investors’ holdings. [...]
Ken King column: How prepaid credit cards workArticle from The Sheboygan Press: Dear Ken: I was watching TV the other day and saw that Suze Orman has a new credit card that anyone can get and it will raise your credit score. What do you know about it? A: According to the Federal Reserve, prepaid [...]
Shedding Light on Prepaid Debit-Card FeesArticle from BusinessWeek: Call it the “boxification” of consumer finance. To protect consumers, there’s been a big push to standardize disclosure of fees, penalties, and other charges—which often end up in a box in the promotional literature or agreements. The idea is that if all the costs are clearly displayed, [...]
Prepaid debit card: new disclosure on feesArticle from Christian Science Monitor:Prepaid debit card from three major issuers will now come with specific disclosures on fees. The disclosure ‘box’ being tested aims to help users understand costs of using a prepaid debit card. Three major issuers of prepaid debit cards said Tuesday they will test a new fee-disclosure [...]
Deals of the Week: Majid Al Futtaim launches two new prepaid credit cardsArticle from The National: Felicity Glover 0972c41b5fbe5310VgnVCM200000e66411acRCRD 0972c41b5fbe5310VgnVCM200000e66411acRCRD Avoiding high interest rates on credit cards is a goal of most consumers these days. One of the most effective ways to do this is to use a prepaid credit card. There’s quite a few [...]
Prepaid credit card purveyor Green Dot scoops up LooptArticle from BetaNews: Marginalized by bigger competitors such as Foursquare and Facebook, mobile location company Loopt was acquired by Green Dot, a major provider of prepaid banking services on Friday. The deal is said to be worth $ 43.4 million and results in the shuttering of Loopt’s [...]
Deputies stop cloned credit card schemeArticle from Local 10: Small Text Medium Text Large Text Courtesy: Lee County Sheriff’s FORT MYERS, Fla. – Deputies in Southwest Florida said they brought a cloned credit card spending spree to a halt during a traffic stop on Interstate 75. Lee County Sheriff’s deputies made the discovery on Wednesday [...]
Old ‘Nigerian Lottery’ Scam Gets a New TwistArticle from TIME: Getty Images Prepaid-debit-card providers like to make the argument that their products can be used just like bank accounts, but there’s one major way in which prepaid debit differs from bank-issued cards tied to an account or line of credit: if you get scammed when [...]
AmEx testing prepaid cards in some Wal-MartsArticle from MarketWatch: MarketWatch >>> Read the full article from the source . Related News: Old ‘Nigerian Lottery’ Scam Gets a New TwistArticle from TIME: Getty Images Prepaid debit card providers like to make the argument that their products can be used just like bank accounts, but there’s one [...]
Majid Al Futtaim’s launches new prepaid Visa cardsArticle from CPI Financial: The prepaid Visa cards work like a credit card but without interest rates, making them universally appealing to those who want flexibility and security of payment. Moreover, the LoadnShop is not only reloadable, but is an effective way to transfer funds from card holder [...]