Articles for Debit/Prepaid Cards
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More Consumers Prefer Debit Cards
As financial pressure on consumers continues to mount due to credit card debt and other worries, many have opted to rely more on their debit accounts to make purchases.
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Parents can track kids' spending with new card
Many parents may want to teach their kids the value of handling finances responsibly, and now a new prepaid card may help them do so.
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Gift card rules will change soon
Companies that sell gift cards will have to become compliant with new federal regulations on or before January 31 by listing some basic facts about the products.
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Consumers avoiding credit cards with other payment methods
Many consumers, wary of the concerns that come with adding to their existing credit card balances, are now using alternative payment methods to make their purchases.
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Which Type of Credit Card is Right for You?
Current studies show that more than 43 million consumers are unbankable - preferring to avoid traditional banking services like checking, debit and credit cards and choosing to rely solely on cash or prepaid cards. Based on this trend, more banks are now tapping into the prepaid card market in an effort to reach this growing demographic.
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Credit, debit cards blamed for junk food splurges
Consumers are more likely to make unhealthy purchases when they pay with plastic rather than cash.
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Direct deposit expanded for those receiving federal benefits
Currently, only a handful of federal benefits programs allow those who receive payments from them to do so via direct deposit, but that will soon change.
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Consider the benefits and drawbacks of credit, debit and prepaid cards
Consumers should determine their financial goals when deciding which type of payment product to secure.
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Consumers should be aware of prepaid card fees
Americans should weigh the pros and cons of prepaid cards and the fees that accompany them.
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Decline in credit card use may be permanent
Credit card use may have peaked in recent years and could now continue to decline.
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Consumers may turn to prepaid cards for online purchases
Online shopping offers a high level of convenience to busy consumers, but many are shying away from purchasing goods on the web to prevent racking up credit card debt.
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Swipe fee regulations could cost banks billions
The amount credit card issuers can charge businesses for processing debit card transactions is going to drop at some point in the near future, and the change will cost lenders billions of dollars per year.
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Prepaid cards aimed toward subprime borrowers
A recent trend shows that the prepaid credit card market is focusing more of its attention on customers with poor or bad credit ratings. As more consumers who have been unable to secure employment or meet their financial obligations see their credit scores decline, the prepaid industry provides an alternative that allows them to better manage their spending.
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Prepaid credit cards rise in popularity, report shows
A recent market research report published by Auriemma Consulting group shows that Visa and MasterCard prepaid cards are rapidly becoming the most popular form of prepaid credit cards on the market. As many consumers continue to battle debt, prepaid credit cards are becoming a more viable alternative to traditional credit cards.
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Prepaid Cards Continue to Grow in Popularity
More and more consumers struggling with debt are choosing cash, debit cards and even prepaid cards over traditional credit cards. Prepaid cards not only give the added convenience of a credit card, they also keep consumers in check with their spending habits by only allowing them to spend up to the amount they've prepaid on the card.
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More 'underbanked' Americans utilize prepaid credit cards
Current studies show that more than 43 million consumers are unbankable - preferring to avoid traditional banking services like checking, debit and credit cards and choosing to rely solely on cash or prepaid cards. Based on this trend, more banks are now tapping into the prepaid card market in an effort to reach this growing demographic.
