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Article: HSAs Help Propel Prepaid Debit Market Growth To Record Levels.(Prepaid Briefs)
- Article from:
- ATM & Debit News
- Article date:
- September 17, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Kate Fitzgerald
Prepaid debit cards are surfacing in different sectors, from unemployment benefits to payroll. Moreover, debit cards tied to tax-deferred health savings accounts in the U.S. likely will hit record numbers again this year as more consumers opt for less-expensive alternatives to skyrocketing health-insurance costs.
The top five HSA debit card issuers combined had 1.98 million accounts as of the end of March, according to survey results that that will appear in the 2010 edition of the ATM&Debit News EFT Data Book, which will publish as the newsletter's Sept. 24 issue.
Individuals deposit funds into their HSAs and use the ...