The traditional audience for prepaid cards is the underbanked or unbanked, many of whom are excluded from the mainstream financial services system due to their lacking credit histories. Green Dot is nevertheless pursuing this audience with a Platinum Visa secured credit card that requires an upfront cash deposit and carries a raft of fees.
from American Banker http://www.americanbanker.com/news/consumer-finance/green-dot-bets-big-on-creditworthiness-of-prepaid-users-1091683-1.html
No comments:
Post a Comment