The explanation is this: The benefit to the consumer (payor) of having a stored-value card
is a function of how many establishments will accept it in payment for goods and services.
In this testimony, I will concentrate on stored-value cards
and other types of so-called "electronic cash" because they seem to raise the most challenging public policy issues.
The stored-value card
market is growing exponentially, especially among the 40 million un-banked U.
In May, First Union plans to introduce reloadable stored-value cards
to customers located in the Atlanta area.
The OSCARDS, sponsored by France's Publi-News, are awarded annually to honor the world's most innovative credit, debit and stored-value cards
4 /PRNewswire/ -- Wachovia today unveiled the designs of its first series of VISA Cash cards, the stored-value cards
the bank will issue as a participant in Visa's program centered around the 1996 Olympic Summer Games in Atlanta.
The company manages stored-value card
and sub-prime credit card programs.
This service allows Stored-Value card
issuers to simultaneously offer customers the convenience of online access and addresses one of the most vulnerable connection points for fraudulent activity - when Stored-Value card
products are purchased, activated, loaded and re-loaded online.
The Quantum RewardsCard finally makes stored-value card
programs accessible to mass-marketed consumer brands.
Cale has been a customer of QI Systems since the year 2000, when QI first developed card-payment technology for use in Cale pay-and-display parking meters in the city of Sherbrooke, Quebec as part of the largest North American installation of the Mondex stored-value card
CFSI is particularly interested in several promising strategic areas, including stored-value card
solutions; remittances with ties into asset building; workplace-based strategies; bank-nonbank partnerships; alternative credit scoring, and self-service delivery channels.
No Borders Stored-Value Cards
can be reloaded and used for cash withdrawals and purchases at any authorized No Borders location, and can also be used as a Payroll Card to receive Payroll Direct Deposit.