Mobile Deposit Capture Will Significantly Expand the Prepaid Market
- Date:September 11, 2012
- Author(s):
- Tim Sloane
- Research Topic(s):
- Prepaid
- PAID CONTENT
Overview
Mobile Deposit Capture Will Significantly Expand
the Prepaid Market
And alternative financial services suppliers will
face dramatic change
Abstract: The major payment networks are working with technology companies to capture check images for deposit into prepaid card accounts. This capability will expand the market for prepaid financial services products by directly challenging existing alternative financial services providers and check cashing retailers. This new technology will give rise to an entirely new type of battle for distribution outlets.
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