BB&T launches a prepaid card as Durbin amendment looms

02/16/2011 | AmericanBanker.com (free registration)

Banks are preparing to deal with pending limits on debit card transaction fees. BB&T has decided to offer a prepaid card, which functions like a regular debit card but is exempt from the proposed restrictions. BB&T's card, which targets the underbanked, costs a bit more than others but has fewer back-end fees.

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