A new survey of 310 banks finds that just over half of them have either begun offering or are in the process of evaluating prepaid cards.

The survey demonstrates that many depositories are enthusiastic about the potential of prepaid cards, but it also found skepticism at banks that have explored and then rejected the idea of offering the product. Most of the banks surveyed were small institutions.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.