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College prepaid programs garner attention
August 27, 2007
Digital Transactions: An Oklahoma banking company is working toward an ambitious university prepaid-card deployment, which also involves contactless payment. The program aims to diversify the bank's prepaid services it offers to the Hispanic population. Central National Bank, Enid, Okla., is issuing PIN-based prepaid debit cards to the 10,300 students, faculty, and staff at Western Pennsylvania's Slippery Rock University.Central National has nearly 200,000 cards in circulation, primarily with Hispanic customers. The Slippery Rock project will help the bank diversify its prepaid portfolio by bringing in college students.
Prepaid / Stored Value / Gift CardUnderbanked / UnbankedDebit / CreditOtherNorth AmericaBank / Credit Union
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