New York Times tonight posted a feature about coming changes in Green Dot and other prepaid cards due to fraud, use in drug dealing and government pressure which, it appears, may well have serious effects on MS.
http://dealbook.nytimes.com/2014/07/...fraud-schemes/ This story will appear in the August 1, 2014 paper edition.
MoneyPak, a Popular Prepaid Money Card, Opens Path to Fraud Schemes
"Federal authorities are sounding alarms about a wide range of fraudulent schemes involving a popular prepaid money card product.
Thousands of consumers have been lured into sending money through the card, called MoneyPak. For online fraudsters, the reusable green-and-white paper card that can be used to quickly “reload,” or transfer, hundreds of dollars in cash onto another prepaid card is often the money conduit of choice, regulators and law enforcement officials say.
The abuses are mounting as the market in prepaid cards is increasingly finding favor with Americans who don’t have access to a traditional bank account or credit card. ..."
What do you think.