Visa Launches Re-Load Feature For PrepaidCards

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SAN FRANCISCO - (03/20/06) -- Visa USA announced the roll-outFriday of a new feature that will allow consumers to add value toreloadable prepaid cards at participating merchants. Under thesystem, merchants will transmit the card load amount to itsacquiring financial institution and the credit union or bank willroute the prepaid amount from the merchant for approval viaVisaNet. Then the card issuer will load the transaction inreal-time and the cardholder is provided immediate access to thefunds on the card.

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