Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Visa seeks patent to boost prepaid card processing
SAN FRANCISCO (9/11/12)--Visa is seeking a patent to create a rewards program for prepaid cards.

Under the proposal, a prepaid card user could invite another person to become a card owner (Investment Weekly News Aug. 30). The person sending the invitation would receive a reward for referring the person invited, with the amount or timing of the reward related to the invited person's amount in using the new account.

The invitations would be sent through e-mail or social media.

The account holder who sent the invitation could transfer funds to the new account holder card.

The rewards program is designed to increase penetration of prepaid cards and may lead to a long-term relationship between the issuer and the new customer, Visa said.


RSS print
News Now LiveWire
It's #summercamp with a financial literacy, #creditunion twist http://t.co/5eaps9ZoVB
14 minutes ago
Mich #creditunions encourage everyone to #CULunchLocal Oct 14 as part of #ICUDay http://t.co/NZp71fgr8Z
1 hours ago
.@IllinoisLeague Hession: #HB5342 cause for celebration...will serve as a model across the country for state, fed regulators @GovernorQuinn
1 hours ago
.@GovernorQuinn signs #HB5342 providing parity for state-chartered #creditunion examinations via @IllinoisLeague http://t.co/yrhoCkE4ER
2 hours ago
.@Walmart's US CEO Bill Simon to step down, Greg Foran moves up via http://t.co/WIqJbYcapL
2 hours ago