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Mobile Deposit Capture Will Significantly Expand
the Prepaid Market
And alternative financial services suppliers will
face dramatic change
Abstract: The major payment networks are working with technology companies to capture check images for deposit into prepaid card accounts. This capability will expand the market for prepaid financial services products by directly challenging existing alternative financial services providers and check cashing retailers. This new technology will give rise to an entirely new type of battle for distribution outlets.
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Mercator Advisory Group is the leading, independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.