Times Of Change

The circumstances of the world are so inconsistent that an immutable determination or belief is almost identical with an imprudent one.

Reloadable Debit Card

Along the popularity of stored value cards comes another form “Pre-paid debit card” in which marketer’s think that it would click to an estimate of 70% to 80% of people in the U.S who lack basic banking accounts. These cards look like credit cards but would act as a debit card that will be able to substitute cash for everyday expenses such as purchasing gasoline, restaurant tabs and groceries.

Advocates of these pre-paid cards say that it is safer and more convenient for consumers than carrying cash around. It is accessible to those who don’t have or has a poor credit history.

Due to the estimated $117 billion purchases of the pre-paid debit card. Regulators and law enforcement officials have raised concerns about its potential for abuse. The reloadable pre-paid debit cards are issued by banks but sold by companies through ordinary retail outlets.

As of today, marketers aim for this product to produce financial literacy among unbanked consumers who live at or are below poverty line that tends to fall outside the radar of bank marketing programs. These pre-paid debit cards are cost efficient to the banking industry in terms of reducing the number of paper checks. Pre-paid debit cards are a way for banks to embark on building customer history with people they never had establish contact with.

About Me

My photo
I am an Amerasian who loves to write poetry and and read books. A homebody type of person who loves to learn and share my knowledge to everyone.

Tag Cloud

Blogumulus by Roy Tanck and Amanda Fazani

My Communities


More button @TwitterIcon.com

Add to Technorati Favorites
Submit Your Site To The Web's Top 50 Search Engines for Free!
Business Blogs - Blog Rankings

Top Blogs
Business Business Directory - BTS Local
TopOfBlogs

Blog Search Engine