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Prepaid Card utilize is increasing and that’s perhaps not just a Bad Thing

Prepaid Card utilize is increasing and that’s perhaps not just a Bad Thing The WSJ states that the prepaid credit card company is booming and it is anticipated to achieve $200 billion in income by 2013. The greatest card that is prepaid, Green Dot Corp., raised $160 million in its IPO final thirty days and has now seen its stock increase by 30 % since that time. The second-biggest business in the market, NetSpend Holdings Inc., hopes to improve $200 million with its very own coming IPO. This really is news that is good. Prepaid cards are employed as debit cards, aided by the distinction they are perhaps perhaps maybe not associated with a bank account, but they are drawing funds from a merchant account…