Most of us are diligent about maintaining the various aspects of our life. We swap out the batteries on our smoke detectors with regularity; we schedule annual physicals, and get our car’s oil changed based on the manufacturer’s mileage recommendation. Still, many of us tend to take better care of our cars than we do our financial life. The irony being, an un-tended financial life can break down just as assuredly as an under-serviced automobile. It can run out of gas, but it can also seize up and need a roadside tow. In short, a well-examined financial life is worth exploring. 1. Schedule. Set a recurring point in time for… Read More
National Teach Children to Save Day
Like any company that provides technology to make life easier, we examine the millennial demographic. They are the population sector interested in options – from ways to communicate, to ways to bank. In their April 2016, article, Pew Research Center cited estimates by the U.S. Census Bureau that millennials have now “surpassed Baby Boomers as the nation’s largest living generation”. A powerful consumer force, the members of this group are working “real jobs” and building careers. They are open to alternatives. They also need them as they don’t typically comply with traditional banking methods. Per rapid! PayCard’s October 2016 article about banking options for millennials and the flexibility of getting… Read More
rapid! PayCard Green Dot Announcement
Green Dot to Acquire UniRush, LLC, Operating Company for RushCard and Rapid! PayCard Transaction Expected to Generate Significant Strategic and Financial Synergies PASADENA, Calif.–(BUSINESS WIRE)–Green Dot Corporation (NYSE:GDOT) today announced that it has entered into an agreement to acquire UniRush, LLC, and its operating businesses RushCard, a leading online direct-to-consumer general purpose reloadable prepaid card provider, and Rapid! PayCard, a leading corporate payroll card provider. The acquisition, which maps to “Step Five” of Green Dot’s “Six Step Plan” to enhance shareholder value, materially expands Green Dot’s scale with the addition of the RushCard and Rapid! PayCard installed customer bases, while establishing Green Dot as a formidable player in the growing… Read More
The Financial Mistakes Women Make
Not planning early enough for retirement and neglecting to have three months of expenses saved is something of which both men and women are guilty. In everyone’s defense, it is often challenging to have the time and the perspective to map out our financial lives. Difficult too, is the ability to allocate income to investments when the unexpected job loss occurs. Being prepared for eventualities takes dedication. While being negligent about securing finances for the future knows no gender-bias, women in particular are vulnerable when it comes to their financial lives. Some aspects are errors on their part, but many are due to elements out of their control. In an… Read More
Getting Your Financial House in Order for the New Year
The holidays are here. The time of year notorious for big spending. For some who don’t use credit cards most of the year, there is that tendency to dust them off and start charging; just in time to rack up finance charges into the new year. And then there’s the new year: time to make resolutions about weight loss? Or time to recommit to saving money? You may have heard it all before, but tips for saving money always bear repeating. In their November 2016 article, Bankrate cites the information you need to know to perhaps find yourself in a better financial position by this time, next year. Establish Goals… Read More
Happy Thanksgiving!
Here at rapid! PayCard, we are a family. From those of us who are actually related, to those colleagues with whom we have worked so long we look upon them as siblings, aunts, and uncles; we are a team. It is this familial foundation that connects us and gives us that strong sense of collaboration. From this solid footing, we internally develop processes that make our organization a reliable network. It enables us to get the solutions we need from any one of our resources who all share a commitment to excellence. It is this same sensibility that allows us to provide the finest possible customer service to our clients…. Read More
Even The Treasury Department Has An App for That!
Technology. We rely on it. But we don’t always realize how much until we are caught without our phone charger, or even worse…experience a WIFI failure. We use our smartphones to manage everything – from the best travel routes to appointments, to shopping, to reading. Our devices include a personal, voice-activated assistant who can identify the proximity of the nearest Burger King. Smartphones even give us our banking access. There is no waiting until the next business day to deposit paper checks. An app provided by your financial institution and permission to access your phone’s camera makes the addition of those funds to your account as simple as taking a… Read More
How to Bank in a Financial Desert
We all take things for granted. Sometimes it is our talent or even our loved ones. Human nature perhaps. The times that we don’t take things for granted are when they are unattainable. In some neighborhoods, there are conveniences to which we don’t give a second thought. If for example, you forget to swing by your bank on the way out to run errands, there is typically another automated teller or drive-through in which to take care of business. In other words, options. But what if you lived in a financial desert? Neighborhoods bereft of easy and affordable access to a banking institution need solutions. According to Clayola Brown, President… Read More
Banking Options for Millennials
We are a mobile society driven in large part by our much-talked-about millennial generation. With the world literally at their fingertips, they seem comparatively fearless in relation to their older counterparts and are a slice of the market solicited to by advertisers and Hollywood – from energy drinks to movies. Their opinion matters. Millennials are even impacting some real estate markets as they are buying property earlier and for different reasons than their parents did. They are not living in the same home for 30 years – they are buying townhomes and condos near work and within easy distance from metro areas. They are also buying them as single people… Read More
How To Expect Unexpected Expenses
Money. For many of us, it seems like there’s never enough. Perhaps because some of us squander it. Perhaps it’s a case of living beyond one’s means. Maybe it is a reckless disregard for money’s value. Sometimes a hit to your wallet is simply Murphy’s Law: you get your tax refund and then find out your car needs brakes. Even if saving money is ingrained in your DNA, having to tap into your account is particularly jarring when the expense is unanticipated. You may have the best budgeting strategy around, but who can expect the unexpected? You can. Think Like a Business There’s no need to take the joy out… Read More