Last year, I wrote a piece (for another publication) that looked at how prepaid debit card providers could collectively improve their image—because, let's face it, deservedly or not, there's always been a stigma attached to the industry.

That stigma appears to have ebbed a bit over the last year. You could argue that this is due to traditional financial institutions, like American Express and JPMorgan Chase, introducing low-fee products in the space. Or you could say the rapidly growing number of underbanked customers opting for innovative nonbank prepaid alternatives has made it harder to deny these products' worth.

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