Recent Prepaid Industry News Stories:
May 27, 2010
In the cards
Credit cards were once an automatic rite of passage for young adults, with card issuers practically giving them away at college campus events that featured free pizza and T-shirts to entice borrowing. Not anymore.
May 23, 2010
The Advantages of a Prepaid Credit Card
Those who have bad credit or no credit can often benefit from prepaid credit card options. A prepaid credit card has a monetary value that individuals can spend by swiping it just as they would normal credit cards. The difference, however, is that you pay for prepaid credit cards before you use them while regular cards require consumers to pay after they have used them.
May 19, 2010
Payment Cards In France 2010 - New Market Report Published
Payment Cards in France 2010 this report is an invaluable guide to one of Europe's most sophisticated card markets. 'Payment Cards in France 2010 ' provides statistics on market size, competitor market shares and forecasts.
May 15, 2010
New changes when it comes to rules of credit
There is never a lack of interesting information for consumers. Here’s a sampling. As many of you are aware, the Credit CARD Act changed many credit card rules. In addition, it will also affect those very popular gift cards.
May 6, 2010
'Leave credit worries behind' with prepaid cards
Prepaid cards are an ideal choice for consumers who do not have flawless credit records, it was suggested yesterday.
May 1, 2010
Using Credit Cards to Fix Bad Credit
One of the surest ways to improve your bad credit is to open a credit account of some sort, just so you can pay it off each month. Especially if you have recently settled a large amount of debt, filed bankruptcy, etc., potential creditors and lenders will want to see that you are able to have access to credit without spending too much of it. If you cannot pay it off, such as you needed to charge the money to buy a new furnace, the key is to keep your debt-to-credit ratio as far below 30 percent as possible.
April 21, 2010
Why people prefer getting a Prepaid Credit card
Thеrе аrе many people whο prefer using a prepaid credit card аѕ opposed tο using cash tο mаkе payment. Thеrе аrе several benefits οf using prepaid credit
April 11, 2010
Co-branded, prepaid to take Canadian payment processing industry by storm
Two of the biggest trends to watch in the Canadian payment processing sector are prepaid and co-branded cards, according to payment processing news magazine the Green Sheet.
April 9, 2010
Prepaid, gift card use fell in 2009 before rebounding, uptick expected to continue
In a trend that likely extends to Canada as well, U.S. prepaid and gift card use declined in 2009 but started to rebound by the end of the year, said a recent report.
April 8, 2010
Report finds prepaid cards are cost-effective, convenient
Responding to media reports that prepaid cards such as gift cards often come with high, hidden fees, the Gerson Lehrman Group recently released a report detailing the cost-effectiveness - and the convenience - of prepaid cards.
April 3, 2010
Prepaid credit card ideal for those that want to avoid debt
A recent report has suggested that consumers that want the convenience of having a payment card to make purchases but want to avoid getting into debt, as they might with a credit card, could really benefit from having a prepaid card.
March 31, 2010
New credit card laws 'need time to be effective'
The UK government recently confirmed that it is set to implement five new regulations for the credit card industry. The move was originally instigated through the launch of a consultation by the Department for Business, Innovation and Skills.
March 24, 2010
Prepaid cards help businesses as well as consumers
Businesses can stick to budgets using prepaid cards. While the economic downturn has alerted many consumers to the benefits of prepaid cards, the fact that the financial products can also prove useful in the business world is perhaps less well-known.
March 16, 2010
Prepaid cards may help profits at Visa, MasterCard
According to a recent report, things like prepaid credit cards may lead to higher profitability for Visa and MasterCard over the next two years.
March 9, 2010
Are Branded Prepaid Cards Cost Effective?
Much has been written recently about prepaid cards – positively from the innovation and value to consumers, businesses and government and negatively from fees to lack of consumer protections. It is the intent of this report to objectively analyze the payments options available to consumers, the relative costs and benefits and what the future portends.
March 2, 2010
New report says prepaid card use should rebound in 2010
A new report from Javelin Strategy & Research finds that while the economic recession hit the U.S. prepaid card business hard in 2009, the positive economic outlook for 2010 is encouraging consumers to again invest in the prepaid space.
February 28, 2010
Average amount of credit card debt goes down in fourth quarter
A recent report from TransUnion notes that though late payments on credit cards did increase in the fourth quarter, the average amount of debt people have went down.
February 27, 2010
Best Ways to Legally Eliminate Credit Card Debt in 2010
Credit card debt reduction is the best option in case of credit card overdue issues. Credit card debt is something that causes a lot of stress and strain to people in the jaws of debt. They madly want to get out of the maze only fall into the vicious circle again and again. The Recession has been bad on many people and has cost them their jobs and small businesses. The people who depended on paychecks to pay back their loans were suddenly left with nothing to pay back with and fell into huge plastic debt.
February 26, 2010
Pre-paid cards could prevent debt
Pre-paid cards' could prevent debt'Consumers concerned about mounting credit and store card debt may want to consider prepaid credit cards as an alternative, one sector commentator has claimed.
February 26, 2010
Could prepaid cards gain greater market share?
Prepaid cards could become more prevalent. While prepaid credit card usage is relatively widespread in the US, the payment method has taken longer to catch on in the UK. As an illustration of this, a survey conducted by Which? suggests that while three in four members of the consumer focus group have heard of prepaid cards, just 3% actually own one. However, with 13% of non-users intimating that they are open to the idea of owning a prepaid card, the products appear set for an increase in popularity.
February 25, 2010
Reload Capability Eludes Consumers Despite Prepaid’s Popularity
The concept of the reloadable general-purpose prepaid card is a familiar one to those who work in the prepaid card industry, but it hasn’t caught on with the general public, according to findings from Mercator Advisory Group Inc. A Mercator survey of 1,012 adults last May and June found that 36% of adults were unaware that prepaid cards with the Visa, MasterCard, American Express, and Discover brands could be reloaded.
February 23, 2010
MasterCard named top global prepaid card provider
Of all the players in the growing prepaid card industry, MasterCard seems to be at the top. At least that's what Paybefore, a news and research resource for the network branded prepaid card industry, found in its recent round of industry awards, in which it named MasterCard Worldwide as the top global provider of prepaid cards. Multiple MasterCard prepaid card programs were given awards.
Februrary 22, 2010
U.S. credit card rules take effect
Months after being written into law, tough regulations governing the U.S. credit card industry took effect on Monday.
