Kmart launches reloadable pre-paid MasterCard

Source: Green Dot

Kmart® today announced the introduction of its new Halogen Reloadable Prepaid MasterCard® offered by Green Dot.

Kmart is now among the first retailers nationwide to launch a reloadable prepaid card product piloting no initial charge to load funds, and access to free ATM withdrawals at a nationwide network of more than 20,000 ATMs. Available at and Kmart stores nationwide, this new general purpose reloadable prepaid card allows users to get cash at ATMs, pay bills and shop in-store and online including at and everywhere Debit MasterCard is accepted worldwide.

With Kmart's Halogen Card, there is no bank account required, no credit check, and no minimum balance requirement. Customers load initial funds onto their Halogen Card for no fee at Kmart, and then come back to Kmart to reload again and again. Additionally, cardholders can also sign up to direct deposit their wages, tax refunds or government benefits payments at no charge.

"Kmart's Halogen Reloadable Prepaid MasterCard is a great money management solution for customers seeking an alternative to cash, credit or checking accounts," said Jai Holtz, VP of Financial Services for Sears Holdings. "With the introduction of the Halogen Card, we're giving our customers a smart, convenient and safe way to manage their money and gain control over their personal finances."

Halogen cardholders can also get cash with no withdrawal fee from more than 20,000 MoneyPass network ATMs nationwide, and they can load additional funds into their account with cash at any Kmart store, or by purchasing a Green Dot MoneyPak® at approximately 60,000 Green Dot retailer locations across the U.S.

"This program is another way Kmart is providing its shoppers with increased value," said Ron Hynes, group executive, global prepaid, MasterCard. "The flexibility to load money - from their job or benefits - combined with the immediate access to use those funds in-store or online, delivers greater convenience over cash and checks."

To get a Halogen Card, and for more information about the Kmart Halogen Reloadable Prepaidid MasterCard and MoneyPass Network locations, customers can visit or visit their neighborhood Kmart store.

Kmart's Reloadable Prepaid MasterCard was developed with Green Dot Corporation, MasterCard and Synovus Bank. Green Dot and Halogen Cards are issued either by Synovus Bank or Green Dot Bank. MasterCard is a registered trademark of MasterCard International Incorporated.

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