Osborn speaks out on Prepaid

Nebraska Treasurer Shane Osborn is persisting in his effort to get rid of a federal financial reform amendment that he says threatens to end the state's ability to save money by distributing benefits on prepaid bank cards. (Full story here)

With Prepaid Expo 2011 being held in March, it should be interesting timing to see regulatory fallout by that time. We're looking to secure voices from government to give us the inside scoop of what it's like to debate prepaid in Washington at the Expo. Who would you like to hear from?

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iPhone and iPad Users Send and Receive Money with Prepaid MasterCard

This post on PCWorld highlights how MasterCard's new MoneySend application will allow iPad and iPhone users to send and receive money using the phone or tablet. For the time-being, the application will only work in the US and payments can range from paying a babysitter to paying back loans.

In order for MoneySend to work it has to be linked to a compatible prepaid account and users will also need a mobile phone number. There are a lot of opportunities in the mobile money space and it seems like companies are finally starting to understand this concept. Looking forward to seeing what else is in store for mobile users!

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