General Purpose Reloadable
A type of prepaid card typically purchased by a consumer for his/her
personal use to pay for purchases, pay bills and/or access cash at ATMs. GPR cards
may be purchased online and in retail locations from a variety of providers. Funds may be
loaded onto the card by direct deposit of wages or benefits or at retail locations offering
prepaid card reload services.
Payroll
A Prepaid Card that is directly or indirectly established through an employer and to which
electronic fund transfers of the cardholder's wages, salary, or other employee compensation (such as commissions),
are made on a recurring basis.
Incentive Cards
Payment made to a consumer as a reward for
purchasing a product or by a company to an employee as an incentive bonus.
Health Care
Pre-tax Benefit cards linked to Health Savings Accounts (HSA), Flexible Spending
Accounts (FSA) or Healthcare Reimbursement Accounts (HRA); funds can be used to pay for current or future medical expenses.
Government Disbursement Cards
Prepaid cards used for the purpose of disbursing government payments
such as Social Security payments, disability payments, disaster relief payments, WIC or Food
Stamp disbursements or government payroll.
Gift Cards
A prepaid card that is purchased by a gift giver to be given to a gift recipient.