Prepaid Savings Programs Emerging, But Consumer Interest Is Lagging

Hernandez, Will
October 2009
ATM & Debit News;10/8/2009, Vol. 10 Issue 44, p1
Trade Publication
The article reports on the emergence of prepaid savings programs despite the decline in consumer interest in the U.S. It notes the launch of a savings account program by FSV Payment Systems Inc. Chief executive officer (CEO) and president Jonathan Palmer of FSV remarks on the assistance provided by the program for unbanked and underbanked consumers. Furthermore, it also examines the prepaid card savings plan by NetSpend Corp.


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