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Tag Archives: debit-card

BancorpSouth introduces prepaid debit card program

TUPELO — BancorpSouth Inc. has launched the BancorpSouth Prepaid Card program designed to serve as an alternative to traditional checking accounts. “The Prepaid Card program puts customers in control of their funds, and having no minimum balance or overdraft fees make the cards ideal for budgeting, travel and students,” said Derek Caswell , BancorpSouth first vice president, retail banking. “The ...

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Metropolitan Bank adds payroll card program from TransCard

RIDGELAND — Metropolitan Bank has launched a MasterCard-branded payroll card program with Chattanooga, Tenn.-based TransCard. Terms were not disclosed. “Metropolitan is excited about our new TransCard relationship, as their prepaid payroll cards fill an important gap for our commercial clients, offering them a simple, convenient alternative for their employees’ payroll,” said Brad Miller, treasury services manager, Metropolitan Bank.

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Senate committee approves teacher debit card legislation

JACKSON — School teachers would get debit cards to buy classroom supplies under a money-saving measure moving forward in the state Senate. A bill approved yesterday by the Senate Education Committee mandates that districts use debit cards for employees’ travel and classroom supply purchases. It also calls for districts to pay employees only once a month and to stop issuing ...

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Just a theory – big banks wanted to curtail debit card use

Maybe those monthly debit card fees the big banks tried had a purpose beyond recouping money lost to lower payments from merchants on debit card transactions. Media reports speculate that the big banks figured you would leave your debit card at home and begin using that consumer credit card they issued you. That would bring smiles all around the board ...

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What next for banks after failed debit fee experiment?

Dead in a near blink of an eye. That’s how history will chronicle the big idea banks had for ginning up revenue through a monthly fee to customers for debit-card transactions. Perhaps you can blame awful timing. Parks in cities across the nation began filling up with protests against Wall Street and the banking system at about the same time ...

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