Word: pocketcard
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...your teenage shoppers may be bugging you less for a trip to the mall, are you concerned that they'll run amuck on the Web with your credit card? Fortunately, savings account-linked debit cards designed for teenagers have been sprouting as quickly as virtual vendors. Firms such as PocketCard and Cobaltcard now offer prepaid Visa debit cards. In separate ventures, Visa and M2Card are set to introduce debit cards aimed at teaching prudent online-spending habits. The M2Card will even feature a rewards system for teen cybershoppers that will enable them to accrue bonus credit in stores...
KIDDIE CARD Will technology-savvy teens take to the cashless society? Visa will soon find out. The company has launched a new debit card aimed at teenagers. The Visa PocketCard allows a parent or employer to make funds available to his or her "customer" electronically. "It is an account, but it's virtual," says William Scheurer, CEO of PocketCard Inc. You can transfer funds--via phone or online--from your bank account to an Internet one, so your teens can prowl the malls and the Web or chow down at Chili's. You can apply for this card only online...
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