Developments in the Law Concerning Stored-Value Cards and Other Electronic Payments Products

摘要

Stored-value and other electronic and Internet payments products are joining credit and debit cards in replacing a significant number of cash transactions in the economy. Wal-Mart's announcement in June 2007 that it plans to offer reloadable prepaid or stored-value cards using technology and services from Green Dot Mon-eyPack and GE Money Bank could be a dramatic step in that direction.