NetSpend join to advertise payment card that is prepaid

NetSpend join to advertise payment card that is prepaid

Blacks are overrepresented among precisely precisely what the industry this is certainly monetary the unbanked and underbanked, people who would not have bank reports or who use high-cost solutions like check-cashing and spend loans day.

Prepaid cards are only like debit cards nonetheless they aren’t connected with a bank bank checking account and frequently lack the consumer defenses supplied by debit and charge cards. They are the payment that is fastest-growing is electronic, relative to a 2010 research due to the Federal Reserve.

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