Member Summer Safety with the Security of Prepaid Cards

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In the midst of the pandemic, families still seek entertainment and adventure. With states in various phases of stay-at-home orders, families are forced to get creative and bring fun home for the summer.  However, because of the financial crisis and elevated occurrence of fraud, members are cautious and remain hesitant.  Members want a fun-filled summer, but need reassurance that their finances will remain secure.

With stay-at-home orders in place, prepaid cards are a perfect payment solution for concerned consumers this summer.  Shopping online offers a safe, no-contact purchasing experience. Members can digitally load funds to a prepaid card with the convenient app or through a secure website online.  Members will feel comfort in shopping safely online for their favorite products or to book their next adventure.

Prepaid cards are a powerful financial tool because they allow members to remain on budget without being linked to their personal accounts.  Funds can be loaded to stay on budget for a trip, monthly groceries, or home improvement projects.  Members create their own limits and are able to stay on track.  Members can also be assured that their accounts will remain safe.  Should the card go missing or be stolen, criminals cannot access the members personal credit union account.

Digital controls create peace of mind for members, as well.  If lost, members can easily disable cards to secure the funds.  If funds are running low, cards can be reloaded online, on the mobile app, over the phone, or in-branch.  With digital tools just a fingertip away, prepaid cards have never been more convenient.  Members can also set up direct deposit to automatically load a predetermined amount onto the card – so they have complete control of card balances!

To learn more about how the CUMONEY® Visa® Everyday Spend prepaid card from LSC can help your members bring the fun home this summer, please contact LSC at sales@lsc.net

Article by Naomi Anderson, Vice President of Prepaid for LSC.