Customers save money on ATM withdrawals and bill pay transactions
Convenience Store Decisions
March 10, 2010
nFinanSe Inc., a reloadable prepaid card provider, is reducing its fees to cardholders for ATM withdrawals and also for electronic bill pay transactions.
The company believes that these reductions will encourage greater trial and usage of its Visa and Discover Reloadable Prepaid Cards and promote greater retention among cardholders.
The company stated that it is immediately reducing its fee for an ATM withdrawal to $0.99 from $1.50 regardless of where the ATM withdrawal is made. Additionally, the company is reducing the fee on an electronic bill payment transaction to $0.44 from $1.00 with no restrictions as to payee or number of transactions. nFinanSe noted that these price reductions apply to both its existing cardholders and future cardholders of nFinanSe Visa and Discover Reloadable Prepaid Cards.
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