Consumer Payment Card News

Religious Debit

Religion and credit have finally come together with the christening of a new MasterCard. Revelation America and Western Union unveiled their new co-branded card at the Progressive National Baptist Convention in Louisville, Kentucky this week. The Revelation America Western Union MasterCard is a pre-paid debit card. The card is targeted at the so-called “unbanked” or consumers without any bank relationships. MemphisFirst Community Bank, a minority-owned bank, will be the principal issuer of the new card. Revelation America is a company owned, in part, by the five largest African-American denominations in the country, including the Christian Methodist Episcopal Church, National Baptist Convention USA, National Baptist Convention of America, African Methodist Episcopal Zion Church, and Progressive National Baptist Convention. The overall strategic goal of Revelation America is to expand access to financial services in order to help revitalize America’s cities. For additional information on the card visit www.revelationamerica.com.

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