Debit cards to provide safe disbursement of federal aid

Debit cards to provide safe disbursement of federal aid
Tags: Bank / Credit Union, Bank Automation, Cash Dispenser / Recycler / Acceptor, Components, Debit / Credit, Monitors and Touchscreens, Multifunction ATMs, North America, Regulatory Issues, Retail / Off-Premises, Transaction Processing, Trends / Statistics, Underbanked / Unbanked
February 3, 2008

TheFacts: People banking on a Social Security check or other federal aid to make ends meet, but lacking a financial institution in which to bank it, will have a new way to ensure they receive their money. The U.S. Department of Treasury has launched a new program that will give millions of Americans the option of using a prepaid debit card to receive Social Security and other federal benefit payments rather than receiving a check. Read more