Overview
Mercator Advisory Group’s research report identifies key factors that need to be considered when designing a new product. The customer needs, economics, infrastructure, and regulations will all influence which type of account structure makes sense for a new product.
"Prepaid and debit accounts both offer advantages and disadvantages for financial services providers, so understanding the key decision points can lead product designers to the most profitable configuration, " Ben Jackson, director of Mercator Advisory Group's Prepaid Advisory Service, and coauthor of the report, comments.
Companies mentioned in the report include: Chase, ChexSystem, NetSpend, and TSYS.
Members of Mercator Advisory Group's Debit Advisory Service and Prepaid Advisory Service have access to this report as well as the upcoming research for the year ahead, presentations, analyst access, and other membership benefits.
One of the exhibits included in this report:
- The important differences remaining between debit and prepaid account types that can make or break a product
- Details of the key factors to be considered by financial services providers in choosing which account type of deposit/transaction account launch: the audience, economics, infrastructure, and regulations that apply to each account type
- Marketing necessary to show the value of prepaid cards and debit accounts to their likely audiences.
- The importance of developing a comprehensive balance sheet of the revenues and expenses of debit versus prepaid account types to make the right decision on which to launch.
- The necessity of comparing the differing tools required to offer a prepaid card or a debit account with the providers’ existing infrastructure
- The regulations that will heavily influence heavily the success of each product
Learn More About This Report & Javelin
Related content
June 27, 2025
Typecast for P2P: How Venmo and Cash App Are Expanding Beyond Paying Friends and Family
Popular person-to-person payment apps such as Venmo and Cash App pioneered the easy digital payment of friends and family with easy-to-use and engaging apps. The problem: Now, thes...
May 29, 2025
Consumer Debit Payment Choice: Understanding Debit Card User Preferences
Amid a dynamically changing landscape for payments, debit remains a steadfast performer, serving as a workhorse payment method for everyday transactions. As consumer behavior shift...
April 25, 2025
An Executive Order: What’s the Impact of Eliminating Government Check Payments?
An order by President Donald J. Trump to eliminate the issuance and acceptance of paper checks by the government isn’t the first time an effort has been made to limit the use of th...
Make informed decisions in a digital financial world