-
JPMorgan Chase (JPM) is seeking a buyer for its corporate payroll, tax refund and health-savings prepaid card business.
January 9 -
Just as parents use prepaid cards to control their teens' spending, employers are increasingly distributing the reloadable plastic cards to workers to use for paying work expenses.
April 15 -
Even though prepaid cards are already widely considered a product for the underbanked, usage patterns are showing more clearly just how different prepaid card users are from bank customers.
April 9 -
Why does an industry so often criticized for charging high fees to low-income consumers think it can win over critics by adding members of the 1% to the payroll?
November 30
TD Bank is launching a new prepaid card to let parents monitor their teens' spending while easing young adults into financial independence.
The new reloadable Visa card, called TD Go, can be funded by direct deposit or by linking another debit or credit card.
Adults can monitor teens' spending online and set up email and text alerts to flag low balances and questionable purchases.
"The development of smart spending habits is a journey and many parents want to offer teens a gradual path to increasing fiscal freedom," TD Bank's head of retail deposit payments Tami Farrow said in a news release Wednesday. "With the launch of the TD Go Card, TD Bank is offering parents a convenient and safe environment to get money to their teens and an easy way to monitor spending."
TD Bank in Cherry Hill, N.J., a unit of Toronto-based TD Bank Group, joins several other financial services companies in offering prepaid cards designed for teens. Other providers offering teen cards include
