It seems to me banks would be much better served – financially and politically – by brainstorming new money-making endeavors that actually improve their customers’ banking experience…like Visa person-to-person payments.
Entries Tagged as 'prepaid cards'
Will You Try Visa’s New PayPal-Like Person-to-Person Payment Service?
March 18th, 2011 · 2 Comments · Banking
Tags: Banking·Credit Cards·debit card fees·debit card transaction fees·Debit Cards·Federal Reserve·PayPal·person-to-person payments·prepaid cards·Visa·Visa card
Sneaky Ways Banks are Collecting Fees in the Post CARD Act Era
November 9th, 2010 · No Comments · Banking, Credit Cards
Facing with a massive loss of revenue from banking fees curtailed under the new credit card reform legislation, banks have gotten creative in their fee-harvesting techniques. Among other things, they have revived annual fees; shortened billing cycles; levied new charges on cards with low credit limits; increased balance-transfer, cash-advance and foreign-exchange fees. Debit Cards. Federal [...]
Tags: bank fees·Credit card·credit card insurance·credit card statement·Debit Cards·fee-harvesting·Minimum Payments·prepaid cards
Pre-paid Cards One of Few Easy Options Left for Students
February 22nd, 2010 · 1 Comment · Banking, Credit Cards
Happy birthday to the CARD Act! Today is February 22, 2010, the first day some of the major provisions of the new laws outlined in the much anticipated Credit Card Accountability Responsibility And Disclosure Act are officially in place. Among the major changes include a restriction requiring issuers extending credit to young consumers under the age of 21 to submit an [...]
Tags: CARD Act·Credit Cards·facecard·prepaid cards·prepaid debit cards·student cards·student credit cards·under 21 credit cards
Using Prepaid Credit Cards to Budget Expenses
December 28th, 2009 · 5 Comments · Budgeting, Credit Cards
New Year’s Day is just around the corner – is one of your resolutions sticking to a budget? Prepaid cards may be a helpful tool. We’ve previously blogged about prepaid cards being the choice for many without the credit to get a credit card or even a checking account. Prepaid cards seem to be gaining [...]
Tags: Budgeting·cost comparison·Credit card debt·credit card interest·Credit Cards·Fees·Good Credit·managing your money·prepaid cards
