Consumer Payment Card News

Stash Card

The first wireless network created for and defined by U.S. youth now has a payment card. The new Virgin Mobile “Stash Prepaid VISA Debit Card” is linked to a Virgin Mobile phone, enabling users to earn free airtime as well as money transfers and wireless text alerts. The new card will be issued by Inter National Bank. NetSpend, a processor and marketer of general purpose reloadable debit cards will also be involved. Cardholders can load funds onto their “Stash” cards at NetSpend partner retail locations across the country and maintain up to a $10,000 balance. Virgin Mobile is a joint venture between Virgin Group and Sprint Nextel. Virgin Mobile has about four million customers. For more information visit: “”:http://

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