Government Issued Prepaid Cards: Efficient Cash Access and Distribution
- Date:December 23, 2020
- Author(s):
- Brian Riley
- Research Topic(s):
- Prepaid
- PAID CONTENT
Overview
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.
Learn More About This Report & Javelin
Related content
Mitigating Risk in Prepaid Card Programs
Risk mitigation is crucial in gift card programs to provide positive customer experiences, protect against fraud and financial losses, and to secure organizational systems. Impleme...
2024 State of the Industry: Commercial Prepaid Cards
The commercial prepaid market should see moderate growth in coming years, with an increased opportunity for non-governmental products such as employee and health incentives in open...
2024 Prepaid Card Data Book
The Prepaid Card Data Book ties together the most important metrics for the industry in brief, high-level metrics. This assessment of the prepaid card market by Javelin Strategy & ...
Make informed decisions in a digital financial world