nFinanSe (OTCBB:NFSE) recently announced the expansion into the Midwest of their $3 Visa® and $3 Discover® Reloadable Prepaid Debit Cards offered at Kwik Trip Convenience Stores. In September of this year, Consumers Union, the non-profit publisher of Consumer Reports determined that nFinanSe’s cards were among the lowest priced prepaid debit cards available.
In the Consumers Union report, 19 cards were studied and nFinanSe and Walmart led the competition with their low cost fee and maintenance costs. In addition to the $3 upfront fee, nFinanSe’s monthly maintenance fee of $2.95 and ATM withdrawal fee of $0.99 were specified as the lowest in the group. The low fees are available on both the nFinanSe Visa Prepaid Card and the nFinanSe Discover Prepaid Card.
Jerry R. Welch, Chairman and Chief Executive Officer of nFinanSe was quoted:
“As the soft economy continues, millions of hard-working Americans are rapidly embracing Reloadable Prepaid Cards as their new and affordable Financial Payment tool. Until the last 18 months, the consumer fees associated with Reloadable Prepaid Cards were too high to encourage significant trial and usage among the 100 million unbanked, underbanked and credit challenged Americans in need of an alternative Financial Payment tool. With the new, consumer-friendly pricing model being implemented in the retail marketplace by nFinanSe, customer-centric retailers, like Kwik Trip, will now be able to encourage their customers to sample and experience the terrific benefits of Reloadable Prepaid Cards.”
Kwik Trip’s first store opened its doors in 1965 and have grown to over 400 Kwik Trip, Kwik Star, Hearty Platter® and Tobacco Outlet Plus stores throughout Wisconsin, Minnesota and Iowa. Kwik Trip also has a corporate Support Center, handling the administrative needs of all stores and thousands of employees, as well as its own Bakery, Commissary, Dairy, Distribution Warehouse and Transportation divisions.
The nFinanSe claims to have what they believe to be the best overall pricing currently available for their Reloadable Prepaid Visa® and Discover® product. For the cost of only $3 at retail stores and a low $2.95 monthly maintenance fee cardholders get an unlimited number of purchase transactions. Other card features included are:
- FREE Direct Deposit of payroll
- FREE 24/7/365 Live Agent Customer Service in English and Spanish, and
- FREE SMS Text Alerts with purchase and balance information after each transaction (outside fees may apply).
Cardholders can also load additional funds or “top up” for only $2.95. For more information about nFinanSe, visit www.nfinanse.com.