Prepaid Cards

5 posts
The Problem with Prepaid

The use of prepaid debit cards is rapidly rising. Despite consumer advocates’ widespread concerns and the less than enthusiastic reception to a string of celebrity endorsements, more than ever, people are using reloadable prepaid debit cards for their financial needs. Consider the following: The amount of money added onto reloadable prepaid debit cards in the U.S. almost tripled from 2008 to 2012, rising to $76.7 billion, with the Mercator Advisory...

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