Google Wallet Pre-Paid Debit Card Released By media-cache-ec0.pinimg.com
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Individuals and businesses have reported receiving telephone calls that claim their electricity will be turned off within hours unless they make an immediate payment by a prepaid debit card, such as the Green Dot Money Card available at retailers nationwide. WASHINGTON—U.S. officials plan to unveil this week a comprehensive slate of consumer protections for prepaid debit cards, according to people familiar with the matter, a move that could further broaden the customer base for the fast-growing product. While the fabricated scenarios are different — an unpaid balance on the electrical or gas bill, a pending traffic ticket or an IRS debt — the common element linking the activity is the Green Dot prepaid debit card, specifically the reloading tool that Tuition has been paid. Books have been purchased. The mini fridge, stocked with Red Bull, has even been tucked into a corner in the dorm room. But parents, there is still something your college student is going to need: spending money. You want to make As prepaid debit cards continue their rapid jump from the financial fringes to the mainstream, here are the basics on how they work: If you are an obsessive viewer of classic TV shows like "Happy Days" or "Leave it to Beaver," it would be understandable if It looks like a credit card and spends like a debit card. But a reloadable prepaid card is in a class by itself. Sometimes called "prepaid debit cards," or (less correctly) "prepaid credit cards," reloadable prepaid cards are an exploding market. .
Teaching your teen to spend his or her money wisely can be a challenging experience. One route to consider: a prepaid debit card. These cards, which can be loaded and reloaded with dollars to spend, are often used by people who lack enough money for prepaid debit cards are often thought of as only being tools for people with low incomes or bad credit, but in some situations, a prepaid debit card can provide benefits regular credit and debit cards can't. While you'll miss out on bonus rewards from Suze Orman has long been a champion of smart financial choices. As the author of books including The Money Class and The Money Book for the Young, Fabulous and Broke, not to mention the host of her wildly popular show on CNBC, her no-nonsense attitude has Consumer Reports ranked 26 prepaid debit card offerings from best to worst, and reported that bank prepaid cards were not necessarily cheaper than other products. Last year, prepaid cards were used in 1.3 billion transactions that totaled $77 billion .
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