Friday, March 16, 2012 11:17:14 AM
GO OTOW!!! GLTA
Quote:
Unlike traditional debit cards, prepaid cards are not attached to a consumer's bank account. Instead, customers deposit money with the card's provider to "load" the cards. Before 2000, prepaid debit cards were virtually unknown, but their use is growing fast.
In 2007, consumers loaded about $2.1 billion on the cards, according to the Mercator Advisory Group, a research firm for the payment industry. That increased to $36.6 billion in 2009 and is expected to reach $119 billion by 2012.
http://www.statesman.com/business/popularity-of-prepaid-debit-cards-a-balance-of-352171.html
Go OTOW!
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