We have discussed extensively how prepaid cards, neo banks and alternative payment providers are rapidly growing in stealing your bank transactions and revenues. We have shown the growth in prepaid cards now means nearly one if five debit transactions is now on a prepaid card. We have shown PayPal's "no overdraft fee" prepaid card, Green Dot's GoBank no overdraft fee video and strategy and even large banks like PNC and Compass who market "no overdraft fee" prepaid cards.
Let me add to the chorus Moven bank's "no overdraft fee ever" pitch as shown in the video below.
Click this link to view.
It is so easy for you to respond to win back transactions, revenues and payment relevance without cannibalizing any existing revenues with the PaySound strategy. How much longer are you going to let this go on without responding?
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