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The Visa Prepaid cards will be distributed to retail chains through the company's distributor relationships and through the company's direct relationships with retailers. The cards will be issued by Palm Desert National Bank (PDNB).
Jerry R. Welch, nFinanSe's Chairman and CEO said, "We are very excited to be offering Visa cards to our retail partners. By combining Visa's recognition and acceptance with our pricing and customer service model, we believe that we will create an exceptional experience for consumers."
The company further noted that it intends to utilize its existing consumer pricing model and offering on its new Visa Prepaid cards:
- $3 Purchase price
- Low $2.95 monthly fee
- Low $2.95 reload fee
- No hidden transaction fees and no fees on purchases
- Zero Liability protection against unauthorized purchases
- Free direct deposit of payroll
- Permanent card included in the retail package
- Reloadable at 80,000 nFinanSe Network nationwide locations
- Purchase and available balance information sent to cardholder's cell phone and/or email address after each transaction
- Mobile couponing through Rocketbux
"We look forward to working with nFinanSe to expand access to Visa Prepaid cards through their retail customers," said Brian Triplett, head of global prepaid products, Visa. "This relationship will bring consumers greater opportunity to enjoy the convenience and security of Visa payments - especially those consumers without a traditional banking relationship - and give consumers with a convenient way to make everyday purchases, pay bills, transact online, and receive deposits, with added the peace of mind that their funds are protected against loss or theft, a benefit not provided by cash."
Visa operates a retail electronic payments network providing processing services and payment product platforms. This includes consumer credit, debit, prepaid and commercial payments, which are offered under the Visa, Visa Electron, Interlink and Plus brands.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
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