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.
Tag: debit prepaid card
On The Hook? – The Advantages and Loopholes of Zero Liability.
When you carry a credit, debit or prepaid debit card with a Visa or MasterCard logo, you’re entitled to zero liability protection should a thief make unauthorized purchases with your card
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
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 Indeed, with prepaid debit cards, consumer protections for unauthorized use are voluntary and can be changed or rescinded by the issuer at any time, according to a Consumers Union report.