U.S. Stimulus Payments: Another Proving Ground for Prepaid Cards
- Date:August 28, 2020
- Author(s):
- Brian Riley
- Research Topic(s):
- Prepaid
- PAID CONTENT
Overview
With 140 million entitled U.S. citizens allocated $239 billion in stimulus funds, checks and ACH payments filled the need for most. For 3.6 million people without payment information on file, prepaid cards were a lifeline with $5.42 billion in economic relief. MetaBank distributed the Visa general purpose prepaid cards, Fiserv’s Money Network enabled ATM acceptance. Except for one notable issue, the process worked without a hitch.
Learn More About This Report & Javelin
Related content
2025 Prepaid Holiday Preview: Gift Cards Could Provide Safe Harbor
With retailer preparations for the 2025 holiday shopping beginning in earnest, Javelin Strategy & Research highlights the chaotic retail environment, economic impacts on consumer c...
Javelin Prepaid Consumer Sentiment: 3-Year Trend Highlights
As Javelin’s research into consumer sentiment toward prepaid products completes its third year, the findings highlight relative stability in most products, and that’s significant i...
Prepaid Is Positioned to Bridge Gaps in Agentic Commerce
Announcements from Visa and Mastercard about the imminence of AI-driven purchasing agents that will act on behalf consumers have made a big splash. But underneath the dazzling view...
Make informed decisions in a digital financial world