American Express Co. will provide prepaid campus ID cards to University of North Florida students, the card company announced Nov. 2.
The product is Amex's first prepaid campus ID Card.
Amex has been expanding into prepaid in recent months with products aimed at consumers that typically would not consider them candidates for an Amex credit card.
In June, Amex launched a nearly fee-free prepaid card (
Consumers may use any card brand or bank account to fund Serve transactions, and it works automatically with any merchant that already accepts Amex cards.
The campus ID card will allow students to pay for meals on-campus and to make purchases off-campus with merchants that accept Amex transactions.
"We are proud to provide University of North Florida students with a safe and secure payment tool with our reloadable prepaid card," Stefan Happ, a senior vice president and general manager of the Americas with Amex's Global Payment Options business, said in a press release.
The campus card will carry no fees for monthly maintenance, activation, balance inquiries, alerts and foreign currency conversion. The first monthly ATM cash withdrawal is free, but there is a $2 fee for subsequent withdrawals.
Consumers may the card account through an automated clearinghouse funds transfer or by using a Green Dot Corp.'s Money Pak.
