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LSC expands prepaid card offerings

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NAPERVILLE, Ill. (5/9/14)--LSC, a subsidiary of the Illinois Credit Union League, has added enhancements to the CUMONEY Everyday Spend pre-paid card.
 
Everyday Spend now includes free bill pay, and two reload options: Visa ReadyLink and auto funding.
 
LSC is a CUNA Strategic Service provider.
 
"We are constantly evaluating our products to provide credit unions a competitive edge," said George Fiegle, LSC chief operating officer. "By adding this new functionality, we have placed our products to be the most competitive in the market. That helps credit unions compete."
 
Reloads on the CUMONEY Everyday Spend card have increased 14.6% this year compared with the first quarter of 2013, LSC reported. Reloads on the Visa TravelMoney-loadable product have increased 42.1% in the same time frame.
 
"One aspect of our programs that differentiates us from the competition is that LSC manages and assumes any fraud risk, a feature we know credit unions appreciate," Fiegle said.