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Follow on Google News | Tenth Annual U.S. Open-Loop Prepaid Cards Market Assessment and Prepaid Market OverviewPublic and Private Sector Open-Loop Loads Slow as the Economy Remains Soft
By: www.mercatoradvisorygroup.com Mercator Advisory Group defines an open-loop card as one that uses one of the major payment networks to complete transactions. Examples include an open-loop gift card that can be used at any store that accepts the brand on the card, or a card restricted to a particular retailer that relies on an open-loop network to complete the transaction. For several reasons that are identified in this report, the total dollars loaded in the open-loop prepaid market grew by only 6 percent to $194.5 billion year over year, a much smaller growth rate than predicted. Within the 19 open-loop prepaid market segments tracked by this report, the Cash Access category, which includes Travel cards, Open-Loop Gift cards, Open Money and Financial Services cards, and Money Remittance/Person- “Growth in the open-loop prepaid market has been driven by the cash access and government categories, but the future growth of the market could be hurt by excessive regulations,” Highlights of the report include: Detail of dollars loaded onto prepaid open-loop cards across 18 segments New data that shed additional light on government benefits cards and prepaid cash access cards Information on the declining growth rates across all segments and the one segment where growth continued to increase. This report contains 33 pages and 23 exhibits. Companies mentioned in this report include: Ace Hardware, American Express, BB&T, BBVA Compass, Blackhawk Network, Dell, Discover, Green Dot, H&R Block, InComm, MasterCard, Starbucks, Visa, Western Union Members ofMercator Advisory Group’s Prepaid Advisory Servicehave access to this report as well as the upcoming research for the year ahead, presentations, analyst access, and other membership benefits. For more information and media inquiries, please call Mercator Advisory Group's main line: (781) 419-1700, or send email to info@mercatoradvisorygroup.com. For free industry news, opinions, research, company information and more visit us at www.PaymentsJournal.com. Follow us on Twitter @ http://twitter.com/ About Mercator Advisory Group Mercator Advisory Group is the leading, independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com. End
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