September 16, 2010
Source: Center for Financial Services Innovation
The Nonprofit Guide to Prepaid Cards
This guide provides an improved understanding of prepaid cards and the ways nonprofit organizations can help connect underbanked consumers to this useful financial product. In the coming years, an increasing number of nonprofit organizations will inform and educate consumers as awareness grows and prepaid cards become more popular. CFSI also believes that a large number of organizations are in an excellent position to refer or connect consumers directly to products to make education actionable and more effective. And for a much smaller subset of organizations, the hope is to see stronger and more successful distribution programs. Ultimately, CFSI hopes this guide will be a valuable resource to nonprofits and that they will use the information to promote the financial capability and prosperity of underbanked consumers.
To read the guideline: