TITLE

Issuers Defend Prepaid Card Use After Hurricane

AUTHOR(S)
Breitkopf, David
PUB. DATE
February 2006
SOURCE
American Banker;2/6/2006, Vol. 171 Issue 24, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article discusses the use of prepaid cards to distribute relief aid to victims of Hurricane Katrina. Card industry executives agree with a Federal Reserve Bank of Philadelphia report touting the use of prepaid cards over checks for disaster relief, despite some problems. Brian Kibble-Smith of JPMorgan Chase said the cards provided a means of portable payments and Gwenn Bezard of Aite Group LLC said the cards are more secure than checks or carrying around cash.
ACCESSION #
19701241

 

Related Articles

  • Atlanta Fed Ready for 2007 Hurricane Season.  // Financial Update;Apr-Jun2007, Vol. 20 Issue 2, p1 

    The article reports on the preparedness of Atlanta Federal Reserve Bank in the 2007 hurricane season in the U.S. Accordingly, the bank incorporates several important strategic measures for adverse weather situations which focus on the ability to communicate during a crisis. In addition, they...

  • Judge Is Open to Repayment of Swipe Fees. Crittenden, Michael R. // Banking Strategies Daily;8/15/2013, p2 

    The article reports on the Federal Reserve rule from U.S. District Court Judge Richard Leon regarding debit-card fees in the U.S. He suggests that banks should reimburse funds that have been collected and not only collect lower debit fees going forward. Judge Leon criticizes the Fed by saying...

  • Growth Of Prepaid Expected To Continue. Boyer, Meghan // ISO & Agent Weekly;9/28/2007, Vol. 3 Issue 31, p1 

    The article reports on the rising demand for prepaid cards in the U.S. in 2007. The author inferred that the demand continued to rise as issuers and distributors venture into emerging markets, develop new products, and target underbanked sectors. The author expected that prepaid card...

  • Surprise Mobile Banking Clientele: Underbanked. Wolfe, Daniel // American Banker;8/24/2010, Vol. 175 Issue 130, p1 

    The article discussed the popularity of mobile banking services among the "underbanked" population in the U.S., who use such services with prepaid cards. Gwenn Bezard of consultant Aite Group LLC notes that mobile banking is particularly useful for determining balances on prepaid cards. Patrice...

  • Debit cards nearing general acceptance, researchers at Kansas City fed conclude. Meece, Mickey // American Banker;1/6/1995, Vol. 160 Issue 4, p10 

    Reports on an article in the Federal Reserve Bank of Kansas City's Economic Review on the general acceptance of debit cards. Competititve pricing as the hindrance to near-to-total acceptance of the payment alternative; Debit transactions in 1993; Factors for growth.

  • Cash-Heavy Int'l Markets Seen as Test for Debit. Breitkopf, David // American Banker;7/19/2004, Vol. 169 Issue 137, p5 

    Focuses on a report from Celent Communications LLC showing growth in the debit transactions industry, but not in developing countries. Discussion of cash as a percentage of the money supply; Comment of Gwenn Bezard, senior analyst and author of the report, "The Future of Debit Cards: A Global...

  • Cap One MasterCard Taps Into Other Issuers' Accounts.  // Cards & Payments;Jul2007, Vol. 20 Issue 7, p12 

    The article reports on the new debit card from Capital One Financial Corp. that is expected to challenge Visa USA Inc.'s dominance of the debit card industry. The new debit card allows customer to open checking accounts from any financial institutions that they choose, which Aite Group research...

  • A Surprise Mobile Banking Clientele: The Underbanked. Wolfe, Daniel // CardLine;8/27/2010, Vol. 10 Issue 35, p15 

    The article discusses the popularity of mobile banking with the underbanked in the U.S. It is stated that price, ease-of-access and portability of mobile banking are the main attractions for the underbanked. According to Gwenn Bezard, a research director at Aite Group LLC, underbanked have more...

  • PIECES IN PLACE FOR BOFA NETWORK.  // CardLine;2006, Vol. 6 Issue 17, p27 

    This article explains that Bank of America Corp. may be tap-dancing around the possibility of launching its own card-processing network to compete with Visa and MasterCard, but it has been putting the pieces in place for years, says Gwenn Bezard, research director for Aite Group. Bezard believes...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics