SIOUX FALLS, SD – (COMMERCIAL THREAD) –Prepaid capital services and its banking partners launch the rechargeable BlazePays℠ Visa® Prepaid card, offering consumers a secure, practical and economical payment tool.
With the BlazePays Prepaid Card, cardholders can shop in-store or online, pay utility bills, withdraw money and receive direct deposits. Cardholders can have pay checks or government-issued benefits deposited directly to their card. Funds can also be added to the card electronically through a bank or credit union or through the Visa ReadyLink network, which is available at more than 50,000 locations, including Walmart stores.
No credit check or credit approval is required for a BlazePays Prepaid Card. Cardholders can apply for a card online with no minimum deposit and have a balance of up to $ 10,000 on the card. It is FDIC insured and offers Visa’s zero liability policy for lost or stolen cards. Cardholder transaction data and account balance information are easily accessible on a smartphone with the BlazePays mobile app, available for free. With the app, cardholders can also sign up for email and text alerts and locate the nearest Visa ReadyLink location when they need to load additional funds onto their card.
An alternative to traditional banking services, the BlazePays card is attractive for consumers who do not have or do not want a current account. It’s also a great money management tool for teens and college students, as well as those on a shoestring budget. The card helps cardholders avoid overspending and provides the ability to track spending.
BlazePays can also be used by businesses or government entities as an option to pay or reimburse employees, or to offer discounts and benefits. Money can be deposited directly to the card, making it an efficient way to shell out cash, especially for recurring payments.
“We designed the BlazePays card to be a versatile tool for everyone from the sadly unbanked people to people who enjoy the discipline of a prepaid card,” said Jay Kurian, president of Capital Prepaid. “We believe banks and credit unions will embrace BlazePays as a way to connect with customers they don’t quite reach today.”
The BlazePays prepaid card costs $ 5.95 per month. If there is a zero balance on the card at the start of the month, there is no assessed monthly fee. The card also offers free direct deposit.
The BlazePays Visa Prepaid Card is currently issued by First Savings Bank of Beresford, South Dakota, and First National Bank of Ft. Pierre, South Dakota. Capital Prepaid works with other banks and credit unions across the United States to establish additional issuance and agent banking agreements. Capital Prepaid also offers financial institutions a complete turnkey program management solution that provides a profitable entry into the prepaid market.
About Capital Prepaid Services
The Reloadable BlazePays Visa Prepaid Card is the service mark of Capital Prepaid Services of Sioux Falls, South Dakota. Capital Prepaid provides comprehensive program management and processing services for prepaid cards offered by financial institutions, businesses, retailers and government entities. Founded in 2011, it is a sister company of Capital Services, one of the leading payment portfolio management and services companies. Visit CapitalPrepaidServices.com
to learn more about its prepaid service models.
While no credit check or credit approval is required to open a BlazePays prepaid card account, the USA Patriot Act requires all financial institutions to obtain, verify, and record information that identifies each person who opens a card account. BlazeCountry. When a card account is opened, the consumer is required to provide their full legal name, address, date of birth and other information for identification purposes. Consumers may also be asked to present their driver’s license or other identification documents at any time.
Use of the BlazePays Visa Prepaid Card to perform payroll will be subject to all applicable state and federal payroll laws and may not be appropriate in some states.