Best Prepaid Debit Cards.com recently launched a new infographics section in their Resources & Learning Center category. Our hand-selected or custom-designed infographics are an interesting, educational and entertaining way to pass along consumer personal finance information. We started the section with the first post about the Prepaid Debit Card Market in the U.S. Our first… Continue reading Best Prepaid Debit Cards.com Launches New Infographics Section
Author: Shane Tripcony
Shane is an author and administrator on BestPrepaidDebitCards.com.
Infographics: Prepaid Debit Cards & More
There are a lot of great infographics out on the web these days. Below you will find links to some of our personal favorites. If you see infographics in the personal finance space that we should link to or have ideas for us to create, please leave a comment. Celebrity Prepaid Debit Cards Smackdown… Continue reading Infographics: Prepaid Debit Cards & More
Retailers Celebrate Swipe Fee Ruling – Federal Reserve Caps Swipe Fees
According to a report in Bloomberg, U.S. District Judge Richard Leon in Washington ruled on July 31 that the Federal Reserve considered information it shouldn’t have in arriving at its cap of 21 cents. Additionally, Bloomberg reporter Tom Schoenberg writes that Leon’s ruling determined that the Fed did not sufficiently foster competition among the card networks that levy the fees. “The board’s final rule not only fails to carry out Congress’s intention; it effectively countermands it!” wrote Leon in his ruling.
A Card Level View Of The Economy Indicates Consumer Confidence On Upswing
The most recent version of the Chase Freedom Lifestyle Index, which measures spending from the second quarter of 2013, indicates that consumer confidence is on the upswing, albeit ever so slightly. Indeed, the index reports that year-over-year spending ticked up one percent from the second quarter of 2012 compared to the same time period this year.
Green Dot Posts Solid Results Despite Increased Competition
For prepaid debit card consumers, the attention of big financial players has been an undeniably good thing: fierce competition among rivals, some of whom are willing to forgo chunks of revenue in the short-term in order to gain market share, have put much needed downward pressure on fees and increased overall transparency. But longstanding
industry players like Green Dot could be forgiven for not being thrilled with the prospect of tough competition that threatens to eat away at their profits.
The Battle Over Swipe Fees
Banks and payment networks are working hard in state capitals around the country in an effort to prevent restaurant and clothing storeowners from charging their clients more to pay their tabs with credit cards than they do for debit card and cash transaction.