Can Government stimulus using pre-paid cards help the economy?

db — Mon, 05 Jan 2009 18:55:04 +0000

I was reading an article on BloggingStocks about new proposed tax-cuts : The key point from this was that any tax cuts or stimulus plans would probably be used to pay down debt or "saved" at the bank and not used to stimulate the economy like these programs are intended to do, which is spend.

The Bush tax rebate happened before the recession started to bite. Many people were willing to spend the money the government sent them. But, in much less than a year, sentiment has changed tremendously. Business and individuals are showing that any money they bring in goes to pay debt or increase savings. It is not clear how that helps the economy quickly. As a matter of fact, given the overall reluctance to spend, it may not help the economy at all.

Rather then a check or a direct deposit ? What would happen if you got a Pre-Paid Stimulus Payment Card, you would likely spend it, rather then deposit it ? The TV Coupon Converter program appears to be a good model for this.

New Blog : Prepaid Enterprise

db — Wed, 17 Sep 2008 22:07:57 +0000

Andy and I recently persuaded our new colleague (and resident expert on Issuing, among many other thing) : Randy San Nicolas to start a blog. Well he did and he wrote his first post. Check it out at http://prepaidenterprise.typepad.com/ and soon to be: http://www.prepaidenterprise.com/

We also did a short "mini-cast" on the Payment Systems Podcast on the topic of Issuing Card Program Management, I’ll post that as soon as I can get it produced.

Welcome Randy!

Payment Systems Blog » Prepaid

Can Government stimulus using pre-paid cards help the economy?

New Blog : Prepaid Enterprise