Government Issued Prepaid Cards: Efficient Cash Access and Distribution
- Date:December 23, 2020
- Author(s):
- Brian Riley
- Research Topic(s):
- Prepaid
- PAID CONTENT
Overview
Prepaid cards played a significant role in distributing CARES Act funds to 3.6 million Americans, but the payment form extends deep into many government benefit programs.
Ten benefit programs carried $136.2 billion in prepaid loads during 2019, but only incurred $152.7 million in costs among all government distribution channels. For those in need, prepaid cards provide quick access to funds and a reliable, safe way to receive cash value.
Learn More About This Report & Javelin
Related content
Javelin Prepaid Consumer Sentiment: A Generational View
Looking at the usage of prepaid card products across generations reveals some interesting insights card companies can use in targeting their messaging. Consumers in the younger gen...
Prepaid On The Verge of a Digital Takeover
Digital options in the prepaid payments industry appear poised to take control over the next decade, pushed by consumer demand, technological advances, and a shrinking financial wo...
Mitigating Risk in Prepaid Card Programs
Risk mitigation is crucial in gift card programs to provide positive customer experiences, protect against fraud and financial losses, and to secure organizational systems. Impleme...
Make informed decisions in a digital financial world