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The Potential and Pain of PREPAID CARDS
- Article from:
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Community Banker
- Article date:
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July 1, 2008
- Author:
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Copyright informationCopyright America's Community Bankers Jul 2008. Provided by ProQuest LLC. (Hide copyright information)
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Along with credit cards and debit cards, prepaid cards must be addressed in your bank's risk management program
they're available at Starbucks, Target, Borders, McDonald's, you name it. They are in peoples pockets as reloadable nationally branded cards. They're everywhere-plastic cards loaded with real money, given as gifts or as paycheck substitutes or as a dedicated means of payment for transit, telephone calls or what have you.
Prepaid cards are emerging as a popular payment alternative in many ways. They arc sometimes described as "pay now" alternatives to the "pay early" model of debit cards and "pay later" model of credit cards. They're seen as a means to help bank otherwise unbanked ...