Consumer Payment Card News

Emerald Card

H&R Block had a bang-up tax season signing-up more than two million accounts for its prepaid card with more than $211 million in payroll and other funds deposited to-date. The “H&R Block Emerald Prepaid MasterCard,” launched one year-ago, exploded this year as its account base more than doubled and deposited funds soared from $14 million in early February. The Company noted that 40% of the clients were previously unbanked. The card is only available to tax clients completing their taxes in H&R Block 12,800 tax offices. The card is issued by H&R Block Bank. The Company estimates the card has saved clients more than $60 million in check-cashing fees. For more information visit: “http://www.hrblock.com”:http://www.hrblock.com.

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