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Partnerships and Prepaid Cards Information
Amex's Bluebird Is a No-Fee Checking Account, Not a 'Prepaid Card'
If your bank, like so many others, is gung-ho to issue prepaid cards, think again. Focus on how to retain your checking account customers, rather than on emulating Green Dot and Chase by issuing fee-based "prepaid cards" as a new (but already outdated) product.
How Banks Can Keep Customers They're Losing
More millions of bank checking customers are turning to prepaid cards and PayPal for much of their spending. These are not the unbanked—people we can't serve profitably. No, these are checking customers, who have been generating profitable fees for banks.
Prepaid Study Shows Why Banks Do or Don't Offer
American Bankers Association
Prepaid cards are one of the fastest growing segments of the financial services industry, but bank attitudes towards them vary, according to a new study by Mercator Advisory Group and the American Bankers Association.
Prepaid Cards: A Survey of Banks’ Attitudes, Adoption Rates, and Deployment Plans
American Bankers Association/Mercator Advisory Group
When asked their perspectives regarding the regulatory environment for prepaid, 58% of respondents from banks that have implemented prepaid found conditions favorable, as did 50% of those from banks that were currently evaluating prepaid, while only 19% from banks that had decided against prepaid deployment perceived regulatory conditions to be favorable.
Ditch checking for a prepaid debit card?
Are prepaid cards really cheaper than checking accounts? To find out, Bankrate surveyed 18 prepaid debit cards for information on their typical fees.
Visa and Chexar Introduce Remote Deposit Capture, Offering Prepaid Users Immediate Access to Funds
the platform will enable millions of Visa prepaid users to deposit paper checks to their reloadable Visa prepaid card using their mobile device, by simply snapping a photo of a paper check.
Banks getting on prepaid card train
Columbus Business Journal
About a third of banks surveyed said they have never evaluated prepaid cards, but they’re going to face competition from the world’s largest retail chain if they want to get in the business.
VIDEO: Prepaid Debit Cards a Threat to Banks?
Fox Business News
Prepaid Debit Cards a Threat to Banks?
Prepaid Cards Lure Underbanked and Gen Y Consumers
Javelin Strategy & Research
Prepaid cards lure underbanked and Gen Y consumers.
Does Wal-Mart Need a Banking License?
Wal-Mart’s efforts have enabled the company to create or extend relationships with the unbanked and underbanked, as well as reaching out to those banked customers who are looking for lower fees and interest rates. It will be interesting to see its impact in the markets in the near-to-intermediate term.
AmEx Chief Pleased with Bluebird’s Early Returns
During remarks at the Goldman Sachs Financial Services Conference in New York Tuesday, Chenault said that approximately 80% of Bluebird enrollees are new to American Express, and 45% of purchasers are under age 35. The prepaid card is part of the company’s gambit to expand beyond its traditionally affluent customer base.
Walmart's Bluebird Card: Has Checking Met Its Match?
But there are some things consumers should keep in mind before you opt for any prepaid debit card over a traditional checking account.
WalMart Introduces Bluebird
“With Bluebird, you can enjoy great money management features such as direct deposit, online & mobile bill pay, family sub accounts, and other membership benefits,” the websites states.