Posts Tagged ‘Prepaid’

University Issuing Prepaid ID Cards With Contactless Tags To Students

Thursday, August 23rd, 2007

10,300 Students, faculty, and staff of Slippery Rock University will be getting an enhanced student ID card that also serves as a prepaid debit card. Program includes all campus points of sale and nearby merchants. Cards will act as dual-function ID/payment cards. Program also offers contactless tags users can attached to their cell phones.

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Money Order Processing is a Dying Business

Saturday, February 24th, 2007

First Data who recently spun off Western Union is soon to be out of the money order business. First Data currently processes 25 percent of all money orders. Money orders are losing market share to prepaid cards and electronic bill payment. Unbanked consumers are using money orders less and less for paying bills or safekeeping money. See Digital Transactions posting FDC Exits Money Orders As Prepaid Cards, Walk-in Bill Pay Make Gains for more information.




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