With ease of use and widespread availability, debit cards are becoming a growing threat to the banking industry. Last year, prepaid debit card usage was up 18% while checking account usage plummeted from 92% to 88%. While users avoid overdraft fees, debit cards are not cheaper than checking accounts. Incidentally, scores of users walked away… Continue reading Debit Cards: A Growing Threat to the Banking Industry
Month: April 2013
5 Reasons Parents Should Get Prepaid Cards For Teens
Along with a driver’s license, a prepaid debit card can be one of the most important pieces of plastic a young adult can get Amid all the job losses and bankruptcies, our recent economic downturn has been especially difficult on young people. With a persistently dreadful job market, many college graduates are leaving school with… Continue reading 5 Reasons Parents Should Get Prepaid Cards For Teens
Money Management Made Easy Using Prepaid Debit Cards
How prepaid debit cards can help keep you on budget and in control of your finances They’re the kind of stories that make people shake their heads in disbelief. Layered with no small amount of schadenfreude, these are the tales of talented athletes whose prowess on the field and court earn them both adulation from… Continue reading Money Management Made Easy Using Prepaid Debit Cards
Debit Cards and Rewards
The demise of debit card rewards program have been greatly – well, make that slightly – exaggerated The government’s response to the financial meltdown in 2008 was years in the making and an extremely controversial piece of legislation that passed on a strictly party line vote. One component of the sweeping Dodd-Frank Act, which President… Continue reading Debit Cards and Rewards
Death, Taxes and Lost or Stolen Debit Cards
Sadly, losing or having your debit card stolen is commonplace these days. Here’s what to do if it happens The stories come out with the consistency of quarterly earnings reports. From Barnes & Noble to HSBC Bank to Zappos, thieves eager to get their hands on customer data are consistently, and successfully, targeting large companies.… Continue reading Death, Taxes and Lost or Stolen Debit Cards
Three Alternatives to Traditional Credit Cards
Long gone are the days when credit cards were the only choice for people in need of plastic. Here are some other options Imagine walking into a restaurant and being told that a menu is not needed because there’s only one dish being served. From time to time that happens – set price, or prix… Continue reading Three Alternatives to Traditional Credit Cards