Thursday, 6 August 2009

Banks still dragging their heels

Prepaid Card companies are being innovative and thinking laterally by offering prepaid cards that provide basic banking facilities and budgeting tools such as the budgetmaster provided by ClearCash Prepaid Card which help with paying bills online as well as staying overdraft and debt free. The banks still seem to be kicking their heels over this for some reason. Still too worried about cannibalising credit card fees - thats our take!

Some of the prepaid card providers providing such tools are
In some ways, it seems we are going full circle with banking, credit, debt, no credit, no debt and then no banking!!

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