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Money Buzz 05/04

Prepaid credit cards, fully-insured CDs and more

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This story appears in the May 2004 issue of Entrepreneur. Subscribe »

Fantastic Plastic

From AAA to Starbucks, businesses are jumping on the prepaid plastic bandwagon. Whether it's giving prepaid debit (aka stored value) cards to employees to cover travel expenses or selling them to customers for use at the register, disposable plastic is fast becoming a credit solution for business owners.

About 50 million U.S. adults don't have a credit card, and nearly 10 million households don't hold bank accounts, says The Pelorus Group, an aggregator of market research products. The cards offer these consumers-as well as their employers and the stores where they shop-the convenience of electronic transactions.

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