
What We Do / Research
Prepaid
Innovators in Prepaid Cards to Improve Financial Health
Prepaid cards are transforming the way consumers engage with the financial services industry. Over the past decade, millions of American households have turned to prepaid cards to spend, save, and manage their money. In response, prepaid card issuers have adopted numerous strategies to meet the diverse needs of consumers. Today, prepaid cards vary immensely across the industry.
Called prepaid debit or general purpose reloadable (GPR) cards, prepaid cards represent an important opportunity for underserved consumers by filling a longstanding need for those operating between traditional checking or savings accounts and the cash economy. From the beginning, CFSI has been following the growth of the prepaid card market, researching and compiling reports on the industry, evaluating the cards, and establishing guidelines for improving the quality of prepaid products. As new providers enter the market, CFSI continues to work with industry leaders to shape the quality of prepaid product offerings.
Additionally, we have created tools for improving the quality of prepaid products by establishing guidelines for their design and delivery in our Compass Guide to Prepaid.
Prepaid Cards
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Making Payroll Cards Work for Employees
An in-depth look at employee payroll card usage and opportunities for improvement in card design and delivery.
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2017 Financially Underserved Market Size Study
The Financial Health Network presents our 2017 Financially Underserved Market Size Study that illustrates the growing opportunity to address the needs of financially underserved consumers and identifies significant trends...
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The Financial Health Network Comment Letter on Proposed Amendments to Rules Concerning Prepaid Accounts
The Financial Health Network submitted this letter in response to the request for comment on the proposed Amendments to Rules Concerning Prepaid Accounts, issued by the Consumer Financial Protection...
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2017 Payroll Industry Scorecard
The Financial Health Network offers its first quality assessment of the payroll card industry.
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“SavingsQuest” by Doorways to Dreams
Doorways to Dreams’ (D2D) SavingsQuest tool is an online and mobile platform that uses the principles of gamification to encourage savings among prepaid card users.
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2016 Financially Underserved Market Size Study
The Financial Health Network and Core Innovation Capital present this 6th annual market analysis to illustrate the size of the opportunity to address the needs of financially underserved consumers...
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Dispatch from D.C. — September 2016 – Full Report
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Dispatch from D.C. — September 2016 Executive Summary
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Secured Credit Cards: Innovating at the Intersection of Savings and Credit
This paper takes an in-depth look at new consumer research on secured credit cards. In it, we explore how innovation in secured credit cards can help consumers build credit...
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Hidden in Plain Sight: How Secured Credit Cards Can Build Credit and Engage New Customers
This executive summary examines new consumer research on secured credit cards.
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