Consumers Union urged the Federal Reserve Board today to stop credit card companies from unfairly hiking interest rates and engaging in other unfair practices designed to get around new consumer protections set to go into effect in early 2010. The Fed is currently considering a set of proposed regulations to implement the Credit CARD Act passed by Congress earlier this year. Most of the new rules are due to go into effect on February 22. In the meantime, however, credit card companies are raising interest rates on many customers and implementing new changes to contracts in order to circumvent the protections of the new ...
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Payroll debit cards, popularly known as Paycards, function in the same way as stored value cards. Increasing number of companies across the globe have started implementing payroll services involving the use of payroll debit cards. These cards can be very beneficial for small companies which have an employee base of 50-500, as they can provide them with efficient payroll solutions. Debit card payroll systems avoid the use of paper checks. Thus, with a debit card payroll system, employers of small companies need not have to pay large amount of money in printing paper-checks. Employees can use payroll debit cards even in the absence of ...
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Owners of small business who are on the lookout for a suitable payroll solution can consider adopting a debit card payroll system for their businesses. Payroll debit cards offer cost efficient and easy to use payroll services. Payroll debit cards are very similar in their function to store value gift cards. To set up a debit card payroll system, the employer must open a centralized account in a bank and distribute payroll debit cards to his employees. On salary day, the employers can send money electronically to his employees. All the employees can access their wages through the payroll debit cards using the unique ...
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On November 19, UniRush and Visa announced that they will continue their longstanding relationship and that they will be expanding the features available on the Prepaid Visa Rush Card. The prepaid Visa Rush card has made an important contribution to the prepaid market, serving a portion of the approximately 80 million American’s who are financially under-served by traditional banks. Many of these customers do not use traditional banking and rely on cash and pre-paid debit cards for shopping, ATM, checking cashing and bill paying services. The Prepaid Visa Rush Card offers these customers access to services that make money management easier. Features of the ...
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On November 18, Urban Trust Bank announced a new fee schedule for its popular prepaid debit Visa card, the Urban Trust Success Card. The new lower fees reflect the companies aim to provide a low cost alternative to consumers who face challenges with traditional banking products. The simple fee structure applies to all Urban Trust Visa cards. The fees are simple and transparent, and Chairman of Urban Trust Bank, Robert L. Johnson, announced that the card will offer no hidden fees and numerous free features. Johnson believes in the importance of prepaid debit cards and hopes the Urban Trust card will enable people to ...
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