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
Author: Tameka Riley
Experian Reporting Rental Payments on Credit Reports
In times past, the only time rental history would show up on a credit report was when a property management company would turn it over for collections. But in December 2010, that all changed when Experian became the first credit bureau reporting rental payments on consumer credit reports. Not only is this is great news… Continue reading Experian Reporting Rental Payments on Credit Reports
SpendSmart Names Justin Bieber as Brand Ambassador
Bieber Promotes Debit Card via Videos, Social Media Would Justin Beiber’s ebdorsement make you want a branded prepaid debit card? SpendSmart Payments is hoping so. Its new card features Bieber, its brand ambassador, in a video series called “Real Talk,” that is aimed at helping teens and families develop responsible spending habits. In the first… Continue reading SpendSmart Names Justin Bieber as Brand Ambassador
Dave Ramsey Chimes In On The Rise of the Prepaid Debit Card
One would only need to turn on their television to know that prepaid debit cards are on the rise. Added to the mix is a growing crop of celebrities endorsing one card or the other. Prepaid Debit cards are popping up everywhere with uses ranging from tax returns to IRAs, but so are the fees… Continue reading Dave Ramsey Chimes In On The Rise of the Prepaid Debit Card
New BlueBird Prepaid Debit Card Now Offering Checks
Since American Express launched the BlueBird Prepaid Debit Card, it has offered a fabulous product for the unbanked. Starting out as a prepaid American Express debit card, it serves many of the same functions of an online checking account. Working in concert with WalMart, users can load deposits free of charge, make ATM withdrawals, use… Continue reading New BlueBird Prepaid Debit Card Now Offering Checks
Approved Card From Suze Orman
If you find yourself among the unbanked or under-banked a prepaid debit card may be the checking account alternative you are looking for. Suze Orman has recently launched her Approved Card – a prepaid debit card that is supposed to be better than the competition. But is it really? Does it have low or no… Continue reading Approved Card From Suze Orman