Prepaid Card Holdings, Inc.

Prepaid Card Holdings, Inc.Prepaid Card Holdings, Inc. (PINKSHEETS: PPDC) is the ISO behind the BankFreedom line of prepaid debit Visa cards and MasterCard cards. Prepaid Card Holdings, Inc. also operates a merchant processing business and markets and sells a line of payroll and custom expense business cards. Their cards are issued by MetaBank.

About Prepaid Card Holdings, Inc.
Stock Symbol: PPDC
Corporate Headquarters: Las Vegas, Nevada USA
Address: 3155 E. Patrick Lane Suite 1 Las Vegas, Nevada 89120

Prepaid Card Holdings, Inc. Debit Cards

Prepaid Card Holdings, Inc. Corporate Overview
Prepaid Card Holdings, Inc. WebsiteThrough their operating subsidiaries, Berman Marketing Group, Inc. (“BMG”) and Merchant Processing International, Inc. dba Bank Freedom (“Bank Freedom”), and strategic alliances with processors, operators and other companies, Prepaid Debit Card Holdings, Inc. operates in the prepaid card business, as well as the merchant processing services business. Their Bank Freedom prepaid card business focuses on both business to consumer and business to business solutions. Their flagship consumer product, the Bank Freedom Prepaid VISA and MasterCard general spending reloadable cards, offer unique banking solutions to the estimated 100 million of America’s underbanked population as well as the banked population looking for a better way to control their spending. In December of 2008, Bank Freedom introduced multiple business solutions including a Payroll card program, Business Expense card program, and private label co-branded prepaid card solutions. Their Bank Freedom prepaid cards and services target several markets including the estimated 100 million people who either do not have access to credit, do not have a checking account, or who wish for the convenience of a prepaid method of using the debit/ATM/credit card networks.
Recent Prepaid Card Holdings, Inc. News Items
  • Prepaid Debit ISO Ready Financial Group Raises $7 Million

    The company behind the READYdebit line of prepaid Visa cards, Ready Financial Group, Inc., today announced that it has raised a $7 million Series B funding round. The investment round was led by Rockbridge Growth Equity, a Detroit-based firm begun by Quicken Loans founder Dan Gilbert. Flybridge Capital Partners also participated, with partner Jeff Bussgang joining the Ready Financial board of directors.

  • Prepaid Debit Cards and Internet Gambling

    Like it or not, one of the popular uses for prepaid debit cards in the United States is to transfer funds to and from offshore Internet gambling sites. Those transfers may be coming to an end, as the date of enforcement of Federal Regulations prohibiting the transfer of funds to illegal Internet gaming sites went into force on June 1, 2010.

  • Prepaid Research: Hispanic Tax Filers View of Prepaid

    Hispanics are a large demographic in the U.S. According to the 2010 U.S. Census, Hispanics make up approximately 16.3% of the U.S. population, with over 50 Million Hispanics in the U.S. The Hispanic market is an important one for many prepaid debit card issuers, as studies have shown that nearly 20% of Hispanics are unbanked.

  • Star Network Allows Prepaid Card Reloads at ATM and Point of Sale

    enable load and reload functionality at participating ATM and POS locations. The expanded transaction set includes activation, load/reload and split tender purchases – with PIN-security and the associated reduction in fraud built in. The new STAR RELOAD service icon denoting load/reload card capabilities will be displayed with the STAR brand on participating cards, merchant point-of-sale and ATM locations.

  • American Express Buys Revolution Money

    American Express (NYSE: AXP) today announced that they are acquiring Revolution Money, the financial services company founded by Steve Case in 2007. The acquisition is a move by American Express to expand its line of prepaid products. The deal is expected to close in the First Quarter of 2010.

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