Prepaid credit card use is increasing which can be possibly possibly maybe not merely a poor thing

Prepaid credit card use is increasing which can be possibly possibly maybe not merely a poor thing

The WSJ states that the prepaid card business is booming and it’s also prone to attain $200 billion in earnings by 2013. The greatest card that is prepaid, Green Dot Corp., raised $160 million featuring its IPO last four weeks and it has now seen its stock enhance by 30 percent ever since then. The second-biggest business in the market, NetSpend Holdings Inc., hopes to enhance $200 million along with its really own IPO that is coming. It really is news that is good.

Prepaid cards are used as debit cards, with all the current difference these are typically possibly possibly perhaps maybe not attached to a bank account that is checking but are drawing funds from a credit card merchant account utilizing the bank this is certainly issuing. Continue reading “Prepaid credit card use is increasing which can be possibly possibly maybe not merely a poor thing”