Tags » Benefit Cards, Debit Cards, Prepaid Cards and Stored Value Cards
In a press release this morning, the U.S. Department of the Treasury's Financial Management Service (FMS) announced it has "designated Comerica Bank as its financial agent in a new initiative to give millions of unbanked Americans the option of using a prepaid debit card for receiving Social Security and other federal benefit payments. The "Direct Express®" card provides a safer and more convenient alternative to paper checks. Comerica Bank was selected, in part, because of its experience as a prepaid card issuer for millions of benefit recipients, particularly for state government programs." The press release does not provide any information about which card network brand will be on the new cards.
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Tags » Benefit Cards, Debit Cards, Prepaid Cards and Stored Value Cards
Eleanor Laise reports for the Wall St. Journal on plans by the US Treasury Department to "introduce a prepaid debit card for Social Security recipients in an effort to provide safer and cheaper benefits payments." The card will be issued by Comerica Bank.
Tags » Benefit Cards, Prepaid Cards and Stored Value Cards
James Daw reports for the Toronto Star about the pre-paid benefits cards that Mint Technology Corp. has introduced. "There is an underserved market that needs a sort of virtual bank account," says Mint president Frank Maduri.
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Tags » Benefit Cards, Debit Cards
Evolution Benefits has announced a pilot test with the Hartford Public Schools of TeacherDollars, a new debit card program developed with funding from The Robert & Margaret Patricelli Family Foundation, card technology from Evolution Benefits, and program leadership from the Hartford Public Schools.
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Tags » Benefit Cards, Debit Cards
Jerry Gleeson reports for the Journal News (NY) about New York State's plans to begin paying unemployment benefits into accounts that will be accessed via debit cards.
Tags » Benefit Cards, First Data Corp., Health Savings Accounts
SHPS, a provider of healthcare spending accounts, has announced an agreement with First Data Healthcare Services and UMB Bank Healthcare Services to offer a multi-purse debit card and related transaction processing services for SHPS' client's spending account programs.
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