Search
 

CUNA Stepping Into The Prepaid Card Market

MADISON, Wis. - CUNA has contracted with Travelex, an international foreign exchange firm, to allow credit unions to offer four pre-paid cards that credit union members can use while traveling domestically and overseas. The four cards will all carry the VISA logo and will include a Cash Passport card that...

By Staff Writer | Updated on July 06, 2004

MADISON, Wis. – CUNA has contracted with Travelex, an international foreign exchange firm, to allow credit unions to offer four pre-paid cards that credit union members can use while traveling domestically and overseas. The four cards will all carry the VISA logo and will include a Cash Passport card that can be used at ATMs, a gift card, a TravelMoney Card that can be used at both domestic and international ATMs and merchants with point of sale terminals, and a VISA Money Transfer card which will allow for card-to-card cash transfers using the Internet, as well as exchanges and other card features. The Cash Passport card is available now and the remaining cards will roll out in the fourth quarter of 2004, CUNA said. “With credit unions dedicated to serving people of modest means, CUNA felt the Money Transfer Card would offer a huge benefit to Hispanic credit union members looking for an easy and low-cost way to send and receive remittances,” says Wes Millar, CUNA vice president of strategic alliances. The cards are an addition to the existing programs CUNA currently has with Travelex for VISA Travelers Cheques, My Travel Wallet (foreign exchange/travel products on-line) and, most recently, the agreement for remittances through the IRnet Money Transfer program.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.