How Canadians Pay Today

by PaymentsJournal 0

Open loop prepaid cards look and function like traditional credit and debit cards and can be used anywhere the card network (American Express, MasterCard and Visa) is accepted, including online and around the world. However, they do have a significant difference to credit and debit cards: they access a set amount of funds that have been pre-loaded for a
consumer by a consumer, business or government.

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