MasterCard defends prepaid cards for the young

January 2006
Credit Control;2006, Vol. 27 Issue 1, p47
Trade Publication
The article reports that the card provider Bluecomer and issuer MasterCard International Inc. have become embroiled in a row over prepaid cards aimed at teenagers in Great Britain. Consumer groups have claimed that these cards encourage teenagers to spend money that is not strictly theirs. The cards cost £9.95 to buy and 85p everytime an automated teller machine withdrawal is made. With this, Bluecomer has defended the principle of the cards which target the 13-16 years age group.


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