Wednesday, August 10, 2016

Prepaid Debit Cards Are Popular but Still Have Downsides

Walk into a convenience store like 7-Eleven or CVS Pharmacy and you’re likely to see a few prepaid debit cards hanging on a rack. And these payment cards, used for budgeting or as checking account substitutes, are getting more popular. Purchases on cards from the largest prepaid issuers increased 15.7% in 2014 compared with the...

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