Report

Prepaid Cards in the Employer Channel: Use Cases and Implications

Payroll cards provide fast access to funds and facilitate online payments.
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Card usage has been ubiquitous across the U.S. for decades. The past decade has been a period of transformation in which consumers have access to multiple modes of receiving those cards, and customized, increasingly specific purpose cards are issued. How are different prepaid cards used, what are their average balances, and how are they distributed to consumers?

This report evaluates responses from U.S. consumers that use a variety of prepaid cards, specifically those issued or obtained through their employers. It is based on a Q2 2021 Datos Insights survey of 2,046 U.S. users of prepaid cards or buy now, pay later options.

Clients of Datos Insights’ Commercial Banking & Payments or Healthcare Payments service can download this report.

This report mentions American Express, Discover, Mastercard, and Visa.

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