Will prepaid credit cards be a good thing for eCommerce?
February 20, 2007 Add to del.icio.us Digg this As a concept, prepaid credit cards for people without bank accounts or teenagers without self-control have been available in the U.S. for many years. Lately, Visa New Zealand, in cooperation with that country’s postal service is taking the idea to a new level that it claims would be an additional measure of protection from online identity theft. Visa also says these prepaid cards are becoming a “de facto” means of conducting commerce online. The company is anticipating its market will move well beyond gift-giving and those who otherwise cannot get regular credit cards for any number of reasons. Whether this evolution in prepaid cards will be moving to a post office or convenience store near you is a question left for debate and one which Visa prefers not to answer. Dubbed the Prezzy Card, New Zealanders now can buy them preloaded with an amount between US $25 and $500 at any postal outlet, and this without providing any identification or p
