Issuers Defend Prepaid Card Use After Hurricane

Breitkopf, David
February 2006
American Banker;2/6/2006, Vol. 171 Issue 24, p5
Trade Publication
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.


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