Thursday, September 25, 2008

Visa enhances prepaid network

Visa announced that it will expand it's Visa Ready Link prepaid card benefits. Throughout the fall of 2008, participating ATMs with envelope deposits will become have the capabilities to recharge prepaid debit cards. This will provide a secure way to transfer the money from checks deposited to the prepaid cards.

Brian Triplett, Global Head of Prepaid Products at Visa Inc had this to say about the new service:

"By bringing Visa ReadyLink first to retailers and now offering advancements to make reload capabilities available at ATMs, we can provide a much safer and easier alternative for cardholders. We intend to continue to use the value of Visa's network to grow the prepaid category in ways that help our partners capture a greater share of cash and check spend."

Source: MarketWatch

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