Prepaid cards might not be so bad for college students after all

We recently posted on our blog a POV from the Baltimore Sun that explains that prepaid cards might not be the best option for college students because of hidden fees. Today's post on the Baltimore Sun offers a different perspective on that opinion, mentioning that it unfairly portrayed the functions of a reloadable prepaid card.

In the post, the author specifies that credit cards can potentially carry the risk of debilitating debt for college students, if not used properly, and so prepaid cards are a much better option. ATM Fees and overdraft fees from debit cards are far more costly and expensive than prepaid card fees. Not to mention most of the fees on prepaid cards are dependent on the card holder's usage. What's your take on it?

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

Share |

Prepaid Reloadable General Purpose Cards Expected to Reach 160 Billion USD in Latin America by 2015

This article in The Paypers discusses how the prepaid general-purpose reloadable cards are expected to reach about 160 billion USD in Latin America by 2015. These mobile reloadable cards are usually connected to mobile and utility services that allows consumers to pay for electricity bills via SMS texting, the internet, and by other means. What are some companies that are beginning to take advantage of this trend?

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

Share |

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 |