Wednesday, October 8, 2008

MSNBC: Fraud Plagues Prepaid Cards Market

According to this article, growing numbers of individuals are reporting fraud with regard to their prepaid cards. Users of prepaid calling cards seem to bear the brunt of the problem; reporting outrageous fees for calling from payphones, calling to mobile phones or calling out of the country. The most distressing information on this problem is that

many prepaid calling card companies advertise in Spanish, but provide disclosures of card terms and conditions in English only — if at all.

So what is to become of this prepaid calling market? Your thoughts?

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