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Wednesday, September 2, 2009
ecently, in the UK, two prepaid cards were launched - one, 'Cash Manager' for adults looking to budget in times of tightened spending, and the other, 'Load & Go', aimed at teens looking for a safer alternative to cash and who want to shop online but may do so only by borrowing their parents' cards.
Imagine a card for teenagers, age 13 and up. With this card, parents can teach children to manage money. Children may only purchase goods that are 'allowed' e.g., the card can be programmed to bar a purchase at an adult internet site or at a liquor store. Plus, the card can be given to children who study and live far away where spending cannot be watched. The company that launched them, 02, is UK's leading mobile company
Imagine a card for teenagers, age 13 and up. With this card, parents can teach children to manage money. Children may only purchase goods that are 'allowed' e.g., the card can be programmed to bar a purchase at an adult internet site or at a liquor store. Plus, the card can be given to children who study and live far away where spending cannot be watched. The company that launched them, 02, is UK's leading mobile company
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