August 15, 2012—Card Hub Prepaid Cards Report—2012
The growth rate for prepaid card transactions was more than 20 percent between 2006 and 2009, according to the Federal Reserve, making prepaid cards the most rapidly growing form of electronic payment during that time.
January 24, 2012—American Banker Why Do Prepaid Debit Cards Have Such a Bad Rap?
I naively thought that Suze Orman’s new prepaid offering, the Approved Card, would help turn the tide of negativity. Instead, it has had the opposite effect, creating a seemingly endless echo chamber about the evils of prepaid.
January 10, 2012—Forbes You Suze, You Don’t Lose: Approval for the Approved Card
Suze Orman today announced her new Approved Card, because in her words (and inflection), “You. Can. Always. Bank. On. Me.” The card is the latest in a long line of prepaid cards, a relatively new financial instrument that functions basically like a checkless checking account, needn’t be marketed by a bank, offers tremendous value to the un- and underbanked and is often maligned for an abundance and excess of fees.
January 10, 2012—Huffington Post Suze Orman Defends Prepaid Card As ‘Just Another Financial Tool’
If personal finance megastar Suze Orman built the perfect way to use money, what would it look like? On Monday consumers found out. Her new Approved card, a prepaid MasterCard, is Orman’s first foray into the world of financial products.
January 9, 2012—Consumer Reports Credit Score Focus of New Celeb-backed Debit Card
Personal finance media personality Suze Orman is thinking big. She’s the first out of the gate in the fast-growing prepaid debit card market with a card that aims to help its users build a credit score. It’s a gamble that could pay off, if it can help create a way measure the creditworthiness of millions who function outside the traditional financial system.
* Subject to mandatory identification confirmation as required by the USA PATRIOT Act. The USA PATRIOT Act is a federal law that requires all financial institutions to obtain, verify and record information that identifies each person who opens a card account. What this means for you: When you open a card account, we will ask for your name, address, date of birth and other information that will allow us to reasonably identify you. We may also ask to see a copy of your driver’s license or other identifying documents at any time.
The Approved Prepaid MasterCard is issued by The Bancorp Bank pursuant to license from MasterCard International Incorporated. This Card can be used everywhere Debit MasterCard is accepted. The Bancorp Bank. Member FDIC.
MasterCard is a registered trademark of MasterCard International Incorporated.
The name “The Approved Card” and the card design are trademarks of APPROVED LLC. All other trademarks and service marks are the property of their respective owners. The Approved Prepaid MasterCard is offered exclusively by APPROVED LLC and its authorized agents and is administered by RedWage LLC.