Prepaid Card | Russell Simmons To Cut Fees On His Prepaid Card

NEW YORK (AP) — A small superstar contest might be great is to prepaid card market.

Hip-hop noble Russell Simmons says he skeleton to trim a few fees on his prepaid card, that functions similar to a withdraw card but isn’t related to a checking account. The statement comes only weeks after financial guru Suze Orman introduced a prepaid card of her own.

Simmons mentioned the price cuts are the outcome of hurriedly flourishing urge for his RushCard . He mentioned the bigger distinction margins have since him adaptableness to cut fees and hurl out new services.

But he remarkable that Orman’s access in to the marketplace should only fuel that expansion and pull fees down further.

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