Earlier this summer there were a series of negative media stories about the practice some companies were embracing of paying employees using prepaid debit cards. A frequently cited story in The New York Times described how companies like McDonald’s, Walgreens and Wal-Mart were eschewing paper checks and direct deposit in favor of prepaid debit cards… Continue reading Prepaid Cards For Wisconsin Employees
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Oakland Issues Hybrid ID – Prepaid Debit Cards
According to the article by J.B. Wogan, the reason Oakland chose to do this is because of a desire to encourage more low-income residents – typically the segment of the population that does not already have an ID – to have access to traditional banking services. Often, citizens who don’t have bank accounts rely on expensive cash-checking and payday lenders for their financial service needs.
Occupy Prepaid Debit Card No Slam Dunk
Good intentions and plenty of publicity aside, the Occupy Cooperative faces a tough road ahead. That’s the message of a recent article in Time Magazine entitled “5 Hurdles an “Occupy”-Branded Banking Product Must Clear.” In the story, reporter Martha White identifies a number of challenges Ross and his colleagues will face as they begin their crusade to upend the financial services industry.
Changes To American Express Serve Accounts
Cardholders will now be able to withdraw cash without incurring a fee from more than 22,000 ATMs in the MoneyPass network worldwide. Outside of the MoneyPass network, Serve will charge $2 per withdrawal, which is in addition to any fee levied by the ATM operator. Perhaps the most important of the recent changes announced by American Express has to do with Federal Deposit Insurance Corporation (FDIC) insurance.
Celebrity Prepaid Debit Card Smackdown 2013
Nobody would argue that hip-hop impresario Russell Simmons is anything but cool. After all, the guy was one of the forces behind Def Jam, the record label that brought us the Beastie Boys and LL Cool J. These days, Simmons is a business magnate whose net worth is estimated to be north of $300 million.… Continue reading Celebrity Prepaid Debit Card Smackdown 2013
Magic Johnson Stands Up To Cancer With A Prepaid Card
Former Los Angeles Lakers great Magic Johnson seems to be just about everywhere these days.If you happen to be a fan of NBA basketball, you no doubt have watched and listened to Johnson provide expert commentary during games televised by ESPN and ABC. And even if you prefer the diamond to the basketball court, you… Continue reading Magic Johnson Stands Up To Cancer With A Prepaid Card