Consumers Union Report Shows nFinanSe Is The Low-Cost Leader In Prepaid Card Market, Lower Than Walmart

TAMPA, Fla. – A new report, ‘Consumers Union Report: Prepaid Cards Come With Long List of Fees and Weak Consumer Protections’ written by Michelle Jun, was released September 15, 2010. The Report is about the growth of prepaid cards and positions nFinanSe (OTC Bulletin Board: NFSE – www.nFinanSe.com) as the low-cost leader in the prepaid card industry. nFinanSe surpassed the 18 competing prepaid cards reviewed with the most consumer-friendly fees, terms and conditions on the market.

Click here to view the full release via Pitch Engine

October 20th, 2010|Categories: Client News|Tags: , , , |

Does Everything Require Stimulus?

By Jerry R. Welch
nFinanSe, Inc.
As posted on The Huffington Post

A pilot program approved by the FDIC Board of Directors yesterday to evaluate the feasibility of offering no-frills, low-cost checking and savings accounts is an interesting idea. The program is designed to help millions of “unbanked” and “underbanked” Americans regain trust in the banking system, and develop a relationship with a financial services provider. On the one hand, although well intentioned, this strikes me as “too little and too late.”

On the other hand, there’s already an answer for this serious problem in the relatively new, but high-growth reloadable prepaid debit card industry. These cards are essentially portable bank accounts and are the solution for a growing number of people. A reloadable prepaid debit card can be purchased for as little as $3, and consumers can even load their paychecks onto these cards for free. The prepaid card industry is in the business of catering to this underserved population and is growing very rapidly as a result.

An article in yesterday’s USA Today (“Many shun bank accounts but pay more for financial services”) calls attention to the program and quotes numbers from an FDIC study in 2009 which found that nearly 8 percent of U.S. households or 17 million people are unbanked and don’t have bank accounts. An additional 43 million people are underbanked. That means they have bank accounts but often fall victim to expensive financial alternatives outside the mainstream such as check-cashing services, pawn shops and pay day lenders.

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August 11th, 2010|Categories: Client News|Tags: , , , , , , , , |

nFinanSeMusic.com Releases Volume 2 of Free Music Downloads

Artist with No. 1 hit in Germany, Van Risseghem, heads list of eight cutting-edge acts

Tampa Bay, Florida – nFinanSe Inc., a leading reloadable prepaid card provider, in conjunction with its entertainment partner, Inspire, today released Volume 2 on its online music site, www.nFinanSeMusic.com, which provides free downloads by new artists and is intended to appeal to young adults ages 18 to 25.

“Music is an integral part of each of our lives and we want to use it to connect the nFinanSe brand with everyone who loves new, cutting-edge songs,” said Jerry R. Welch, Chairman and CEO of nFinanSe. “We’ve identified eight new, exciting artists, all with an interesting story to tell. Their sounds are all unique, distinctive and fresh for today’s music lovers.”

“We’re proud of our innovative approach to promoting emerging artists and fortifying great American brands like nFinanSe,” said Jimmy Dunne, President of Inspire.  “There’s so much amazing talent out there and this is a fantastic way to provide artists with meaningful exposure to a broad, new audience.”

“We have connected the nFinanSe brand with thousands of young music lovers in a very powerful way that is familiar and comfortable for them,” according to Mr. Welch. “We will continue to build on what we have learned with Volume 1 to further expose our brand with this demographic.”

Volume 2 features songs spanning a wide variety of musical artists from country and contemporary Christian to rock and jazz.  

Featured artists include:

  • Van Risseghem’s career has exploded with critical acclaim from Relevant Magazine and College News Magazine.  His single, “The Motions” debuted at No. 1 on the top-40 German radio station BigFM. He was selected as one of the top 100 artists on MTV’s Ourstage.com and most recently was filmed for a 30 minute Cox Cable “ON DEMAND” special.
  • Press Play’s debut album “Life Is Beautiful” was No. 45 on the Billboard 200, No. 2 on Christian charts, and they also made the independent record charts at No. 6.  All proceeds from the sale of their CD go directly to the Los Angeles Dream Center, which provides shelter, life rehabilitation, education, basic needs, job training and numerous resources to Los Angeles’ most impoverished neighborhoods.
  • Say It Twice blends the European influences of U2 and Coldplay with American acts like The Killers and Kings of Leon to create their own unique sound.  They recently released their self-titled EP and have received positive reviews. According to one reviewer, “the music is honest, unadorned, inoffensive pop-rock … a bevy of soaring vocals, swelling choruses and a mid-tempo simplicity.”
  • Tim Halperin’s piano-based pop music has a touch of jazz and hints of his biggest influences such as Ben Folds and Elton John. Fans will tell you that Tim’s way with catchy melodies and his unmistakable rhythmic piano vibe are his most distinctive traits.  Currently, Tim is on the “Sorority Tour,” traveling to universities near and far performing for sorority meetings.  He’s been featured on AOL Music Main page, XM Radio’s Radar Report, NBC’s Kansas City Live and showcased in Austin’s Red Gorilla Music Festival.

“We view nFinanSeMusic.com as a revolutionary new approach to brand marketing,” Mr. Welch said. “Simply put, it is event marketing meets technology and social media.”

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