Prepaid debit cards are big business

Prepaid debit cards have become big business in the United States. According to Time, consumers used them for $77 billion worth of transactions in 2012. From Gift Cards to paying the electric bill on-line, prepaid cards are

Our research shows Payroll Cards and Government payments doled out on open-loop prepaid cards more than doubled that amount to a total spending of around $150 to $175 billion in 2013.