Prepaid card issuers are feeling new pressure to offer clear fee descriptions.
Payroll cards make it easier for businesses to pay employees who can’t or won’t use direct deposit.
These products are not covered by laws requiring disclosure of fees and terms.
MasterCard Worldwide has announced a new promotion to encourage consumers to use its prepaid spending cards. Like debit cards or gift cards, prepaid cards can be used instead of cash to shop at bricks-and-mortar stores or make purchases or pay bills online. The promotion offers two free movie tickets to anyone who gets and loads
The National Consumer Law Center today released the results of a study it conducted on prepaid cards issued in 40 states to recipients of unemployment benefits. The study found that jobless Americans are at risk of having their meager benefit payments diminished by a bevy of poorly-communicated conditions that lead to the accrual of fees, some
To speed up tax refunds, the U.S. Department of Treasury is offering 600,000 prepaid debit cards to families who may not have a bank account. Letters inviting taxpayers to activate and use MyAccountCard prepaid Visa debit cards for their 2010 federal tax refunds are being mailed this week, according to a press release from the
After being slammed by critics for its high fees, the Kardashian Kard Prepaid MasterCard has been pulled from the market. Those fees included a $1.50 fee for ATM withdrawals, a dollar fee if the ATM withdrawal or point-of-sale transaction was declined, and a $9.95 fee to replace a lost or stolen card. And canceling the
In case you aren’t keeping up, the Kardashian sisters launched their very own Kardashian Prepaid MasterCard last week, in partnership with Mobile Resource Card. The website KardashianKard.com is marketing the prepaid card as a “fast and convenient way to manage money.” That convenience comes at a cost. The Kardashian Kard has “many of the same