Wednesday, December 16, 2009

Disaster in New Jersey? Policyholders to Get Paid Via Prepaid Debit Card reports that victims of disasters in New Jersey may now get the financial help they need more quickly, thanks to prepaid debit cards issued by The Bancorp Bank, a wholly owned subsidiary of The Bancorp, Inc. The cards will be issed by Bancorp in collaboration with InsurCard.

Here’s how the program works. The InsurCard Visa Prepaid Debit Card is loaded when emergency payments are required, eliminating the challenges associated with check issuance. The InsurCard can be used to make purchases wherever Visa debit cards are accepted and cardholders have access to cash through ATMs located nationwide. Policyholders can obtain account balance and transaction information 24-hours a day.

What do you think? Should beneficiaries receive payment via debit card?

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