Mastercard Launches Prepaid Card for Faster Access to Funds


MasterCard announced it is working with Liberty Tax to launch to Netspend Liberty Tax Prepaid Mastercard to enable Americans faster and secure access to their stimulus and tax return payments.

As part of the Economic Impact Payments (EIP) via the U.S. Department of Treasury and Internal Revenue Service (IRS), Mastercard is working with Liberty Tax to offer direct stimulus payments and tax return funds through prepaid cardholder accounts aimed at improving equitable access to funds.

“Millions of Americans have been excluded from Economic Impact Payments because they have either not filed a tax return or shared their payment information with the government,” said Linda Kirkpatrick, president of North America at Mastercard. “We are highly focused on bringing more people into the digital economy, and this offer is reflective of our commitment. Together with Liberty Tax, we are using this prepaid option to help those who need it the most.”

Read the full release here.

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