Prepaid Debit Cards vs Checking Accounts
What kind of money management systems is better? What of the payment systems is cost less?
Checking (or transactional) accounts is probably the oldest way to handle money transactions using banks.

An inexhaustible source of opportunities
Prepaid debit card system is used for paying out in the different governmental social programs: state unemployment, social security, veteran benefits, child support, disability programs, Women, Infants and Children’s benefit programs, emergency disaster relief. Learn more at government beneficial programs


How to reload prepaid cards
Moneygram Express Payment, PreCash, Visa ReadyLink, ACE Cash Express and other ways to reload prepaid debit cards. Learn more how to reload prepaid cards

Pre-paid card processor TxVia raises $15.5m

TxVia, a pioneer in prepaid card processing technology, today announced it has raised $15.5 million in Series C financing, led by new investor, Bain Capital Ventures.

Also participating were all current institutional investors, including Espírito Santo Ventures, High Peaks Venture Partners and Village Ventures. New York City Investment Fund joined as a new co-investor.

The funding follows important milestones for TxVia, including successful large-scale client deployments of the company's groundbreaking platform-as-a-service (PaaS) delivery model for prepaid card processing. Today, TxVia has more than five million reloadable and nonreloadable cards on file in both B2B and B2C prepaid applications.

"We conducted extensive diligence on the prepaid card industry and concluded that TxVia is the best-in-class processor," said Paul Zurlo, a partner with Bain Capital Ventures who was elected to the TxVia board of directors. "Issuers and program managers with complex requirements and sizeable portfolios have selected TxVia for complete deployment of their prepaid card portfolios, achieving new levels of reliability and configurability."

"TxVia strengthens New York City's position as the global center of financial services technology," said Maria Gotsch, president and CEO of New York City Investment Fund. "We are pleased to have the opportunity to invest in the company."

TxVia has pioneered technology to help its clients create those prepaid card products that are the best payment options for end-user organizations and individuals. With much of the financial services community moving back to basics, TxVia has been at the forefront of bringing fundamentals to payments processing-such as transparency, simplicity and accountability-and thereby expanding the bounds of stability and flexibility. By redefining the prepaid card value chain client by client, TxVia offers attainable economic benefits and superior opportunity to capitalize on the prepaid market potential.

"We're pleased to welcome Bain Capital Ventures and New York City Investment Fund as well respected investors and valued partners as we continue to enable the prepaid card industry and set new standards of excellence in processing," said Anil D. Aggarwal, chairman and CEO of TxVia.

via finextra.com and prepaid card blog

With a prepaid Visa card, an individual needs to deposit the amount ones wants to have available for purchases at the time the card is issued. Through the pre-paid Visa card, you can make payments for purchases at all places where the prepaid Visa Debit card is accepted. An individual does not require sound credit history or a bank account to buy a prepaid Visa card.

Vision Prepaid Card - reloadable pre-paid card

Unlike the debit card, the Vision Prepaid Card is a re-loadable multi-purpose, non-deposit card that can easily be acquired without opening an account with the bank. This card can best be used as travel money when going abroad or used by parents as a tool in giving allowance for their children. It can also be ideal for companies’ disbursement such as payroll, commissions and even loan proceeds.

For the cardholder, the vision prepaid card provides an alternative payment method to cash. It is the ultimate medium for cashless convenience because the cardholders can purchase goods and services across all merchant environments without the need to wait in long lines in the ATM and lessens the risk of carrying huge amount of cash upon withdrawing.

It also provides access in over 29 million Visa-accepting merchants throughout the world.

This also translates to greater control of funds, as the cardholders can only spend what is available in their account, where more and more are falling in the traps of big debts due to credit card bills.

The vision prepaid card offers consumers a wider range of purchase transactions from typical retail transactions to Internet transactions where cardholders can enjoy the privileges and convenience of shopping and dining without having to worry about monthly bills.

There is no difference between the vision prepaid card and a credit card in terms of payment acceptance; only that the vision prepaid card offers a simpler method of financial management. It’s good as cash only better!

Other prepaid debit cards offers