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"This acquisition enables MasterCard to play a greater role in the prepaid value chain, allowing us to shape the future of prepaid, especially in high-growth markets and in the attractive cross-border payments space where we can displace cash and traveler's checks," Mr. Banga said.
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FOR the millions of Americans without bank accounts, prepaid cards also called stored-value cards could be the next-best thing.
It is prepaid, good for a predetermined value, and can be redeemed for goods or services at a specified business.
--free prepaid gratuities (valued at up to $30 per day), and; --a shipbofrd credit of up to $300.
Those figures exclude association fees, prepaid items and state taxes, which in New York City and a few other places can run 1.9 percent of the loan value for the mortgage recording tax.
But there are prepaid cards and prepaid cards.
Unsubsidized handsets are often called "prepaid".
Schools could also offer prepaid lunch cards.
Comes with a free £75 prepaid card.
Fee: $40, which must be prepaid.
Property taxes can also be prepaid.
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CEO of Professional Science Editing for Scientists @ prosciediting.com