Image by Neil T via FlickrBank Freedom Enters Agreement with MoneyGram to Provide Prepaid Debit Card Holders with More Options for Fast and Affordable Reloading
Relationship provides real-time reloading for Bank Freedom’s cardholders using the MoneyGram ExpressPayment® service
“MoneyGram’s leading reload network and Bank Freedom’s expansive reach within the underbanked sector, ensure that millions of Americans who rely on prepaid debit cards as their primary form of currency have a fast and affordable option to load their cards”The MoneyGram load network enables cardholders to add cash loads to their prepaid cards in real-time for instant availability of funds at MoneyGram agents which are located in virtually every community including many grocery, pharmacy and convenience store chains. Three Bank Freedom prepaid debit card programs are now eligible to load cash through the MoneyGram network. The three eligible prepaid card programs are CardNow® prepaid debit cards, AFSCME® Advantage, a 1.6 million-member union, and Bank Freedom prepaid debit cards.
“Our customer demographic is very cost conscious and MoneyGram offers a safe, secure, and reliable cash load network at an affordable price. We are excited to offer all our cardholders this valuable cash loading service. With MoneyGram’s 40,000 plus nationwide agent locations our customers can easily find a location near them,” stated Rick Galasieski, Senior Vice President of Bank Freedom and Prepaid Card Holdings, Inc.
“MoneyGram’s leading reload network and Bank Freedom’s expansive reach within the underbanked sector, ensure that millions of Americans who rely on prepaid debit cards as their primary form of currency have a fast and affordable option to load their cards,” said Greg Waltz, Vice President and General Manager of Payment Products at MoneyGram.
About Bank Freedom and Prepaid Card Holdings, Inc.
Bank Freedom®, a wholly owned subsidiary of Prepaid Card Holdings, Inc. is a leading provider of financial services in the prepaid card industry. The company, under its Bank Freedom brand, offers prepaid debit cards to America’s estimated 60 million underbanked citizens. The company also provides co-branding program management services and is the program manager for the AFSCME® Advantage Prepaid Debit card, a 1.6 million member union. In addition to the underbanked consumer demographic; small, medium, and large businesses have found a much needed product with the company’s Prepaid Business Expense Card Program. With the diminishing credit card markets, companies need a new way to fund employee’s expenses other than through traditional credit cards or cash reimbursements. For more information about Bank Freedom and Prepaid Card Holdings, Inc. visit www.BankFreedom.com & www.PrepaidCardHoldings.com
FORWARD-LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties and the Company assumes no obligation to update any of the forward-looking statements in this release.
Contacts
Prepaid Card Holdings, Inc. and Bank Freedom
Rick Galasieski, 949-250-9556 begin_of_the_skype_highlighting 949-250-9556 end_of_the_skype_highlighting ext 117
Rick Galasieski, 949-250-9556 begin_of_the_skype_highlighting 949-250-9556 end_of_the_skype_highlighting ext 117
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