New Opportunities with Prepaid Cards
How can banks best tap this massive market?
Ray Graber, Jim Bruene
August 2013
: OBR 219
28
Download Printable Version of this page
The traditional debit card, linked to a checking account, has become far less profitable due to government price controls and changing consumer behavior. Stepping into that void is the prepaid card or gift card. It’s a payment mechanism used by more than 80% of the country, yet it’s currently dominated by non-banks. The report details how to change that.
New Opportunities with Prepaid Cards
Prepaid card, debit card, gift card, fee revenue, underbanked, travel card, payroll card, spending controls, product management