ABA subsidiary and TransCard announce renewal of prepaid card program.

• Position: At Your Service - BUSINESS SOLUTIONS - Brief article

BUSINESS SOLUTIONS, A SUBSIDIARY OF THE ABA, announces a multi-year extension of its agreement with TransCard, which provides a bank-branded, prepaid solution for ABA members.

The Community Bank Prepaid Program, launched in 2010, now has over 80 banks participating. TransCard, a leader in prepaid card processing, created the program with ABA and provides servicing with MasterCard. All program operational support is handled by TransCard.

"We believe banks are the best source for prepaid financial services," says Bill Kroll, president of Business Solutions. "TransCard's innovative technology is positioning community banks to be that trusted provider and meet the growing demand for this product."

Bank customers use prepaid cards for everything from paying employees, supporting college students away from home or as alternatives to traditional checking accounts. Card users no longer...