Payment Card News

SS/SSI Card

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Over half a million Americans have signed up for the card that delivers Social Security payments via plastic. The “Direct Express Debit MasterCard” was launched regionally in 2008 and recently went nationwide, targeting four million Americans without bank accounts who are receiving Social Security or “Supplemental Security Income.” The card is issued by Dallas-based Comerica Bank on behalf of the U.S. Department of the Treasury’s Financial Management Service. The FMS says so far 95% are satisfied with the card, 86% would recommend it and 80% value the card for convenience, safety or immediate access to money. Three-quarters of cardholders say fees associated with the card are equal to or less than what they paid before. For more information visit: “www.USDirectExpress.com”:HTTP://www.USDirectExpress.com

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