A recent report by Mercator Advisory Group examines the vulnerability of prepaid debit cards to criminals, by Chris Warren Prepaid debit cards make it into the news a lot these days. A lot of the time stories are focused on the maneuvering of large financial services companies like Chase and American Express and the various… Continue reading Prepaid Card Fraud Controllable
Tag: chris warren
Prepaid Debit Card Fees Lower Than Checking Account Charges
A recent report by Bretton Woods, Inc. shows that most consumers using prepaid debit cards to manage finances do so for less than $7.50 per month. by Chris Warren It has long been an assumption that users of prepaid debit cards turn to them as something of a last resort. But a recent report entitled,… Continue reading Prepaid Debit Card Fees Lower Than Checking Account Charges
Girl Scouts Embrace Prepaid Cards
A Girl Scouts chapter strikes a deal with prepaid card company, SpendSmart Payments. by Chris Warren Thin Mints, Samoas, Tagalongs and Lemonades are definitely not financial terms. Yet the truth is that, aside from fundraising, one of the main reasons Girl Scouts from across the country sell these and other varieties of cookies is to… Continue reading Girl Scouts Embrace Prepaid Cards
Prepaid Cards Are Not Just For Gifts Anymore
A new report issued by Mercator Advisory Group finds that more consumers want prepaid cards for themselves, not just friends and family. by Chris Warren For years now, prepaid cards have been a handy fallback for the unimaginative or too busy gift giver. Don’t know what to get grandpa for his birthday? No problem. Just… Continue reading Prepaid Cards Are Not Just For Gifts Anymore
Employers Cannot Mandate Prepaid Cards For Wages
Responding to complaints, the Consumer Financial Protection Bureau (CFPB) issued a reminder to employees that they cannot force workers to accept pay on prepaid debit cards. by Shane Tripcony Over the summer the practice of using prepaid debit cards to pay employee salaries garnered a lot of attention, much of it negative. News outlets, The… Continue reading Employers Cannot Mandate Prepaid Cards For Wages
A Personal Finance Teacher’s Aide
Scholarships are available to this November’s Jump$tart National Educator Conference in Washington, DC by Shane Tripcony The statistics paint a grim picture. According to the 2012 “Financial Literacy Survey of Adults,” two in five Americans gave themselves a grade of C, D, or F on their knowledge of personal finance topics. And if anything, the… Continue reading A Personal Finance Teacher’s Aide