Prepaid Card utilize is increasing which is perhaps not just a Bad Thing

Prepaid Card utilize is increasing which is perhaps not just a Bad Thing

The WSJ states that the card that is prepaid is booming and it is anticipated to achieve $200 billion in income by 2013. The greatest prepaid credit card business, Green Dot Corp., raised $160 million with its IPO last thirty days and has now seen its stock increase by 30 % since that time. The second-biggest business in the market, NetSpend Holdings Inc., hopes to boost $200 million with its very own IPO that is coming. This will be news that is good.

Prepaid cards are utilized as debit cards, aided by the huge difference they are maybe perhaps not connected to a bank account, but are drawing funds from a merchant account because of the bank that is issuing.