Obopay Family Account Connects Loved Ones
Posted on: Wednesday, 6 May 2009, 07:00 CDT
With Obopay's Family Account, parents get an Obopay Family Prepaid MasterCard(R) issued by The Bancorp Bank for any child at least 13 years old, which can be used in-person, online or by phone with any merchant that accepts MasterCard debit cards. Parents can add money to the card using Obopay's mobile application, text message, mobile Web, or Obopay.com, and can see at a glance where their children are spending the money that they sent to them, schedule "allowance" payments into the account, and text money to family members wherever they need it, without the danger of the child incurring overdraft penalties or interest charges or potentially damaging their parents' credit. The Obopay Family Account is also a quick and easy way to get someone money that they can use immediately in case of emergency.
Many consumers prefer to use prepaid cards to manage expenses and protect their personal information when shopping online or over the phone, and now these secure measures are available to younger family members too. Parents can text money to their child's family card account, and the funds are available instantly for use on the prepaid card.
Opening an Obopay Family Account requires only a mobile phone (any phone, any carrier) and takes just minutes. Obopay Family Accounts can be funded through a parent's bank account, debit or credit card.
"Any parent knows how hard it can be to stay connected to their kids and to teach kids financial responsibility. With Obopay's Family Account, we keep our -- and our kids' -- finances secure while taking full advantage of the convenience afforded through mobile payments to make sure they have the cash they need, whenever and wherever they need it - for groceries, text books, an allowance, or emergency fund," said Obopay CEO
Obopay Family Accounts can be linked to an existing bank account or funded with a debit or credit card. The Obopay Family Prepaid MasterCard(R) that comes with the account is not a credit card, so there is no interest and no risk to your credit score. No credit check is required to open an Obopay Family Account, and Obopay works with any mobile phone on any U.S. carrier.
For more information, log on to www.obopay.com.
Obtaining Your Card: The USA PATRIOT Act is a federal law that requires all financial institutions to obtain, verify, and record information that identifies each person who opens a Card Account. What this means for you: When you open a Card Account, we will ask for your name, address, date of birth, and other information that will allow us to reasonably identify you. We may also ask to see your driver's license or other identifying documents.
About Obopay
Obopay, Inc. (www.obopay.com) is a pioneering service that lets consumers and businesses purchase, pay, and transfer money through any mobile phone using Obopay's mobile application, text message, mobile Web, or Obopay.com. As the first mobile payment service created exclusively for the mobile phone, only Obopay works on any phone and any carrier to empower consumers and businesses with the convenience of mobile payments. Obopay is bringing mobile payments to more consumers through industry-first alliances and is headquartered in
About The Bancorp Payment Solutions Group
The Bancorp Payment Solutions Group , a division of The Bancorp Bank ("Bancorp"), a wholly owned subsidiary of The Bancorp, Inc. (Nasdaq: TBBK), offers secure, creative and innovative payment solutions to the prepaid card industry. As a leading issuer of prepaid cards, The Bancorp Payment Solutions Group contributes to the success of Fortune 500 companies through the development of cutting-edge prepaid card programs that meet the rapidly changing needs of the prepaid industry. Through long-standing relationships with the MasterCard, Visa, and Discover card associations, leading program managers and processors, The Bancorp Payment Solutions Group designs innovative and flexible prepaid card programs which deliver outstanding results. For more information about The Bancorp Payment Solutions Group please visit www.thebancorppsg.com.
MasterCard is a registered trademark of MasterCard International Incorporated.
The Obopay Family Prepaid MasterCard is issued by The Bancorp Bank pursuant to license from MasterCard International Incorporated. The Bancorp Bank; Member FDIC.
SOURCE Obopay, Inc.
Source: PR Newswire
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