US banks could follow JP Morgan's lead and get out of the pre-paid card business if proposed new regulatory oversight materialises, leaving the way open for the likes of American Express and Green Dot, predicts Fitch Ratings.
Fantastic news for the US prepaid card market as big banks like Chase don't understand the potential power of the product or the needs, wants and behaviors of users. Jim Wells
Competitive base, bonus, full benefitsBoston, MA (USA)
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