A Tool for Getting By or Getting Ahead? Consumers’ Views on Prepaid Cards

credit-debit-card-20232185This paper, which was presented by Jennifer Romich, Eric Waithaka and Sarah Gordon was at the Family Financial Security Symposium in April, 2010, summarizes lessons from interviews of 22 consumers who use general-purpose reloadable prepaid cards (PPCs), an emerging financial services product that provides transaction services not linked to a conventional checking or savings accounts.  A majority of interviewees used PPCs as their primary non-cash transaction tool.

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Family Financial Security Symposium

2010symposiumDate: April 19 and 20, 2010

Description: The CFS convened researchers, practitioners and policymakers to explore challenges and opportunities in consumers’ financial literacy and stability. The event, “Family Financial Security: Implications for Policy and Practice,” introduced some of the most recent and cutting-edge studies that bring new insights into economic behavior.

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