Reloadable prepaid card from nFinanSe

nFinanSe announced the launch of the industry’s lowest cost reloadable prepaid debit cards. The nFinanSe Discover® Network Reloadable Prepaid Card has such features as the ability to be used immediately, text messaging notification of transactions and balances, and free customer service. The company believes the card is a good solution for 73 million unbanked and underbanked consumers who don’t want to refer to banking relationship but still have a need in “plastic cards”. 

Jerry R. Welch, Chairman and CEO of nFinanSe, stated the card could be found in more than 9,000 dollar General locations and Winn-Dixie grocery stores. “The Company also has commitments for its revolutionary Reloadable Card in an additional 10,000 retail locations during the first half of 2009. The Company estimates its new prepaid card could save Americans over $500 million annually if consumers switched to the nFinanSe Reloadable Prepaid Card from competing cards in the marketplace,” he added. 

Distinctive features of the card is that it costs only $5.95, carries a monthly maintenance fee of $2.95, can be reloaded for as low as $2.95 and offers FREE customer service, while most of the rivals of the card charge almost double price.