American Express announced a partnership with the developer of League of Legends, Riot Games, to release a line of prepaid debit cards geared specifically towards the game’s many devoted fans. According to a report in The New York Times, the collaboration is a way for American Express to capture the much- coveted attention of the mostly male, 18 to 24-year-old players while providing Riot Games with the kind of financial resources it needs to expand.
Author: Chris Warren
A Better Payroll Card – Prepaid Debit Cards Without Victimizing Employees
The use of prepaid debit cards to pay workers who don’t have traditional bank accounts isn’t necessarily a bad thing.
Consumer Reports Rates Prepaid Cards
When Consumer Reports talk, people listen. Whether it’s cars, refrigerators, electronics or even health care, the evaluations that Consumer Reports and its team of researchers and testers come up with are often the first place shoppers go when they’re trying to make a smart choice among lots of options. With the release of its report,… Continue reading Consumer Reports Rates Prepaid Cards
What Fees Are Normal For Secured Credit Cards?
Beware of scams offered by so-called credit repair companies. These companies will guarantee a
secured card (an offer of credit is never guaranteed) to clean up your credit history. However, a
secured card does not “clean up” your history; it helps restore your credit worthiness
Study Shows Prepaid Growth – Prepaid Cards Multiplying Rapidly
Most financial institutions have already embraced prepaid cards in one form or another. Indeed, fully 84% of the study’s
participants – which collectively represent almost half of all debit transactions in the U.S.– offer a prepaid card.
Separate and Unequal – Varying Consumer Protections
“There’s no federal law that covers prepaid debit cards. It’s really up to the program manager.” Which is another way of saying that it’s up to the company issuing the card what, if any, protections to provide its customers. Indeed, with prepaid debit cards, consumer protections for unauthorized use are voluntary and can be changed or rescinded by the issuer at any time, according to a Consumers Union report.