Earlier this week, the National Automated Clearing House Association, or NACHA, released a proposal outlining a possible roadmap for upgrading existing ACH networks to enable same-day bank transfers by September 2016. The proposal, which is open for comment through February 5, 2015, is the most detailed document yet showing how banks plan to improve the […]
Read MoreOverview The Serve card from American Express is a reloadable prepaid card that can be used like a conventional debit or credit card to pay in person or online. American Express Serve cards are prepaid, meaning that they do not transfer funds directly from an attached bank account or credit line. Instead, users must place […]
Read MoreOverview Launched in December 2009, Dwolla is an independent payment network that acts as an alternative to traditional merchant accounts and major online payment processors like PayPal. Rather than utilizing standard banking networks (which charge interchange fees on each transaction), Dwolla allows users to send and receive money to and from their dedicated Dwolla accounts […]
Read MoreOverview NetSpend Prepaid debit cards are reloadable magnetic stripe cards that can be used just like debit and credit cards to purchase goods and services. Unlike traditional payment cards, however, NetSpend cards are not linked to a line of credit or a bank account. Instead, they must be loaded with funds before they can be […]
Read MoreOverview Vision Prepaid cards are reloadable prepaid debit cards that are marketed as an alternative to both cash and traditional banking accounts. Vision Prepaid users can load their cards with funds via direct deposit or through third parties such as retailers, MoneyGram ExpressPayment, PayZone, GreenDot MoneyPak, Visa ReadyLink, Western Union, or PayPal. They can then […]
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