According to a story in The Daily Iowan, that’s exactly what businesses in the Downtown District of Iowa City did this past Aug. The idea was the brainchild of the Downtown District, which cited the success of other cities like Des Moines in offering a single gift card that can be utilized at numerous businesses in a small geographic area.
Tag: debit card prepaid
Prepaid Debit Cards And Obamacare
According to the Businessweek story by John Tozzi, the state exchanges that will begin opening in Oct. will be required to accept payment via not only prepaid debit cards but also checks, money orders and bank wire transfers. In a way, this shouldn’t be at all surprising. After all, the Affordable Care Act is aimed largely at helping low-income families to purchase health care. Even though these new entrants to the health care market will be aided with government subsidies to help afford their new plans, they will still need a way to pay for it.
Green Dot Sues Sallie Mae Over Prepaid Deal
The good feelings between Sallie Mae and Green Dot are long gone now. Indeed, according to a report in Courthouse News, Green Dot has sued its former partner for $90 million in New York County Supreme Court. According to the story, written by reporter Nick Divito, who quotes extensively from the Green Dot lawsuit, the two companies had been in negotiations since late 2011 to form a partnership that allowed students to receive financial aid refunds on reloadable prepaid debit cards issued by Green Dot. This option was intended to be a part of Sallie Mae’s Campus Solutions business.
Risky New Bank Card Technology – Is Your Card At Risk?
Thieves can steal your credit card information from only a few inches away using a card reader that sells for less than $100. By simply transferring your account number, expiration date and security data to a computer and transferring it to blank cards, a counterfeit can be made of your card. Thieves can then make successful transactions using your “card” while it’s still in your wallet.
FDIC Insurance And Prepaid Debit Cards
When you have a debit card tied to a traditional bank account and the bank goes out of business, the federal government guarantees you up to $250,000 of the money that you have in your account through mandatory FDIC insurance. “FDIC insurance is an important financial protection,” says Lauren Saunders, managing attorney of the National… Continue reading FDIC Insurance And Prepaid Debit Cards
Prepaid Cards For Wisconsin Employees
Earlier this summer there were a series of negative media stories about the practice some companies were embracing of paying employees using prepaid debit cards. A frequently cited story in The New York Times described how companies like McDonald’s, Walgreens and Wal-Mart were eschewing paper checks and direct deposit in favor of prepaid debit cards… Continue reading Prepaid Cards For Wisconsin Employees