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 »  Articles  »  News  »  Pre Paid Visa Cards
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Pre Paid Visa Cards
By Credit Federal | Published 12/14/2006

Visa pre-paid card offers aimed to capture the debit card market.

Visa Contactless prepaid cards are available to clients of Meta Payment Systems, MetaBank's prepaid card division. As with all Visa prepaid cards, the Visa Contactless prepaid card can be used anywhere Visa debit cards are accepted. Contactless debit cards offer consumers a secure and convenient alternative to cash and checks. The new Visa Contactless prepaid cards are embedded with a radio-frequency chip that allows consumers to make a contactless transaction by holding their card in front of a reader at checkout, instead of swiping it or handing it to a cashier, and does not require a signature for purchases less than twenty-five dollars. This enables cardholders to speed through checkout lines.

Visa's Contactless platform was designed with the flexibility to accommodate a full range of products; including credit, debit and prepaid, as well as nontraditional forms of payment such as mobile phones and other handheld devices.

Contactless prepaid cards provide all the same security protections the industry has come to expect from Visa, including zero liability for fraudulent charges* and Visa's industry-leading anti-fraud technology. *U.S. issued cards only. Visa's Zero Liability policy does not apply to commercial credit card or ATM transactions, or to PIN transactions not processed by Visa. Issuers should encourage cardholders to notify their financial institution immediately of any fraudulent use. Any specific restrictions, limitations, and other details should be set forth clearly in the cardholder agreement.

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