FaceCard
Bianca — July 30, 2008 — Life-Stages
References: members.facecard
Facecard is the modern way to teach children the responsibility of money. Unlike traditional bank cards for beginners, the Facecard Prepaid MasterCard focuses on online transactions as well.
Since tweens and teens are increasingly making purchases online, such as buying music or buying Facebook icons for friends, Facecard is a safe way for them to do so without risking running up dad's credit card bill.
Each card has a specific amount loaded on, so there is no way they can rack up a huge bill. In the case that the Facecard holder does use up their allowance, parents can easily reload the card, making new funds available within 15 minutes.
"Facecard is a prepaid card, gift card, and cash all rolled into one (kinda like your favorite burrito)," the site says.
It's a great innovation, especially with the increase in online transactions popular among younger generations, such as giving virtual gifts, or making loans and paying back friends.
Best of all, Facecard users gather points for cool stuff! It's the best money management for youngsters we've seen so far!
Since tweens and teens are increasingly making purchases online, such as buying music or buying Facebook icons for friends, Facecard is a safe way for them to do so without risking running up dad's credit card bill.
Each card has a specific amount loaded on, so there is no way they can rack up a huge bill. In the case that the Facecard holder does use up their allowance, parents can easily reload the card, making new funds available within 15 minutes.
"Facecard is a prepaid card, gift card, and cash all rolled into one (kinda like your favorite burrito)," the site says.
It's a great innovation, especially with the increase in online transactions popular among younger generations, such as giving virtual gifts, or making loans and paying back friends.
Best of all, Facecard users gather points for cool stuff! It's the best money management for youngsters we've seen so far!
Trend Themes
1. Pre-paid Social Networking Cards - Facecard is a prepaid card, gift card, and cash all rolled into one, providing a safe way for tweens and teens to make online transactions.
2. Increase in Online Transactions Among Younger Generations - Facecard caters to the growing trend of younger generations making online purchases, such as buying music or virtual gifts, without risking excessive spending on their parents' credit cards.
3. Integrated Money Management Solutions for Youths - Facecard offers a convenient and responsible way for youngsters to learn money management, earn points, and control their spending by allowing parents to easily reload the prepaid card within minutes.
Industry Implications
1. Financial Technology (fintech) - Fintech companies can consider developing or partnering with prepaid card providers to cater to the demand for safe and convenient online transactions among younger generations.
2. Youth Retail and E-commerce - Youth-oriented retail and e-commerce businesses can explore collaborations with prepaid card companies like Facecard to offer secure payment options, loyalty programs, and targeted marketing strategies.
3. Parental Mobile Applications and Services - Developing innovative mobile applications and services that facilitate parental control and monitoring of prepaid cards, such as Facecard, can provide disruptive solutions for managing youths' finances and teaching financial responsibility.
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