Source: John Adams of Bank Technology News
"Prepaid cards are the new vehicle of choice among the unbanked who have long endured high money order fees. Payments firms better take note."
The amount of walk in payments for bills is decreasing in the face of more availability of stored value debit cards to the unbanked and underbanked. As people are able to transfer money to and from their cards at much less cost than the price of a money order and with more convenience the market movement is obvious.
Companies affiliated with International Personnel Management, Inc. (IPM) will maximize their entry into one of the fastest growing markets in the world.
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Wednesday, April 4, 2007
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