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Venue

Bellagio Hotel & Casino
3600 Las Vegas Blvd South
Las Vegas, NV 89109

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Thursday, November 3, 2011

3:20 PM - 4:05 PM
Track: Prepaid View Track

ACTUAL USE OF PREPAID CARDS

Mick Conlin, SVP, META PAYMENT SYSTEMS
Moderator: Rachel Schneider, Director, Innovation and Research, CENTER FOR FINANCIAL SERVICES INNOVATION
Stephanie Wilshusen, Industry Specialist, Payment Cards Center, FEDERAL RESERVE BANK OF PHILADELPHIA

 Prepaid cards are experiencing rapid and explosive growth as a consumer payment option.  While the financial services industry has turned its attention to the emerging product, there is a lack of research demonstrating how consumers are actually using prepaid cards in their everyday lives.  This session will present the results from a research effort aimed at filling this information gap through the analysis of more than 100 million transactions made on several million prepaid accounts in over a dozen different prepaid card programs.  Presenters will highlight key findings from the study, including:

  • Patterns in the ways consumers load, make purchases, and withdraw cash from prepaid cards
  • How card features and distribution methods affect how consumers use prepaid cards

 

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