nFinanSe and Walmart Head to Head in Reloadable Prepaid Card Pricing

This article in Convenience Store News highlights how nFinanSe has lowered the price of its reloadable prepaid to $3 from $5.95, to match a change Walmart had previously announced of lowering its reloadable prepaid card to $3 from $8.94.

The goal, according to Jerry R. Welch, chairman and CEO of nFinanSe,is to encourage mass usage. It is estimated that the reloadable prepaid marketplace will double to $14 million by 2014.

Share this article with your social network, just click below to share now!

Share |

Prepaid Cash Cards are on the Rise while Credit Cards Decline

The NY Times recently wrote a piece discussing the rising popularity of prepaid cash cards. In the article James Flanigan highlights how the cards, which have the MasterCard, Visa, or Discover logos, have become more like “portable checking accounts” where consumers can load up on deposits made at retail outlets instead of banks.

He also mentions that companies like Green Dot Corporation, NetSpend, and nFinanSe Inc. are highly involved in the distribution and management of the accounts, handling customer service and providing computer servers and software. The number of “unbanked” and “underbanked” is growing at record pace throughout this economic crisis, and so it is no wonder where there is a sudden decline in credit cards. Do you think that this trend will continue for quite some time?

Share this article with your social network, just click below to share now!

Share |

nFinanse releases new reloadable prepaid debit card

nFinanse has released a new reloadable prepaid debit card called nFinanSe Discover® Network Reloadable Prepaid Card which offers new services that make the upkeep of the prepaid card low. The card has low fees, text message notifications of transactions and balances, and free customer service. The card is available at Winn Dixie and Dollar General stores across the United States. For more, read here.

Share this article with your social network, just click below to share now!

Share |