Don't Know Where To Put Your iPhone? There's A Bra For That

By Felix Salmon: On Tuesday, CardHub’s John Kiernan wrote up an excellent list of the pros and cons of the new Walmart/Amex Bluebird debit card. And one of the cons took me by surprise:

Over 9 million students are at risk for increased educational debt, due to bank-affiliated student debit cards that come with high fees, insufficient consumer protections, and few options.?? Financial institutions now have affinity partnerships with almost 900 campuses nationwide, grafting bank products onto student IDs and other campus cards to become the primary recipient of ...

Oakland, Calif., is issuing municipal ID cards to anyone who can prove they are a resident. It doubles as a debit card. Supporters say it will help residents who are poor, without a bank or undocumented. Immigration control advocates say the city is abetting illegal immigration.» E-Mail This     » Add to Del.icio.us

Oakland, Calif., is issuing municipal ID cards to anyone who can prove they are a resident. It doubles as a debit card. Supporters say it will help residents who are poor, without a bank or undocumented. Immigration control advocates say the city is abetting illegal immigration.» E-Mail This     » Add to Del.icio.us

Debit cards were supposed to be toast. The industry started writing their obituary when financial reform targeted overdraft fees and interchange or “swipe” fees, which had made debit cards extremely lucrative for banks. So why is it that banks are now pushing debit cards like never before?  A couple years ago, the banking industry warned federal regulators that reform efforts could lead to both an increase in fees and a decrease in debit card usage.

Debit cards were supposed to be toast. The industry started writing their obituary when financial reform targeted overdraft fees and interchange or “swipe” fees, which had made debit cards extremely lucrative for banks. So why is it that banks are now pushing debit cards like never before?  A couple years ago, the banking industry warned federal regulators that reform efforts could lead to both an increase in fees and a decrease in debit card usage.

There are other, less fee-laden prepaid debit cards out there than this.