Thursday, October 28, 2010
Ron Silvia, Director of Debit, ATM & Prepaid Services at PSCU, said offering incentive cards is one way to board small businesses. "Small business owners are an especially attractive segment because they seek multiple services for their personal and business finance needs, including credit, debit and prepaid cards, online bill payment, checking, savings, and 401K retirement plans," he said. Furthermore, incentive cards are not classified as gift cards and are therefore not subject to the requirements of the Credit Card Accountability Responsibility and Disclosure Act, PSCU said. Thus, monthly maintenance fees can be charged on the cards and short expiration dates can be applied.
The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information.
Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.