Word: debits
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Americans spent more than $1 trillion on Visa credit, debit and prepaid cards in 2004, a 19% jump over the year before. Visa USA CEO Carl Pascarella sat down with TIME's Barbara Kiviat to talk about the continued march to plastic...
...TurboTax software program, to launch TTrefund.com a website geared toward tax filers ages 18 to 24. The TurboTax system guides young e-filers through the intimidating tax terrain and lets them deposit any refund directly into a checking account or Rush Card, a Simmons-branded prepaid Visa debit card designed for urbanites underserved by traditional banks. In order to draw young people to the site, TTrefund.com offers a $10 discount on the Rush Card's $19.95 activation fee, plus deals on personal computers, digital cameras and wireless phones from Best Buy. Spring breakers can even save $200 on TTrefund-financed...
...that the market is robust, the government is considering requiring issuers of payroll cards and certain other prepaid cards to insure the underlying accounts, and the Federal Reserve is proposing that they also reimburse holders of payroll cards for unauthorized uses under the same terms as those for bank debit cards. Many card issuers are building consumer protections into their products on their own. Safeway stores, for example, don't sell cards with expiration dates or dormancy fees...
George also said that transactions could have been canceled because patrons could have attempted to use their debit cards without noticing that Cardullo’s requires a $20 minimum purchase to use credit and debit cards...
Under the new debit card system, only the president of the organization can use the card and the treasurer must review the group’s monthly statement, McLoughlin said...