Prepaid

Government Issued Pre-paid Cards: Efficient Cash Access and Distribution

December 23, 2020
Brian Riley
Theodore Iacobuzio

Prepaid cards played a significant role in distributing CARES Act funds to 3.6 million Americans, but the payment form extends deep into many government benefit programs.

Ten benefit programs carried $136.2 billion in prepaid loads during 2019, but only incurred $152.7 million in costs among all government distribution channels. For those in need, prepaid cards provide quick access to funds and a reliable, safe way to receive cash value.

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