FANDOM


Definition Edit

A closed-loop prepaid card

generally does not have a network logo on it (Visa, MasterCard, American Express, or Discover). You can only use these cards at certain locations — for example, a specific store or group of stores for a gift card, or your public transportation system for a transit card.[1]

References Edit

  1. Consumer Financial Protection Bureau, "What is a closed-loop prepaid card?" (full-text).

Ad blocker interference detected!


Wikia is a free-to-use site that makes money from advertising. We have a modified experience for viewers using ad blockers

Wikia is not accessible if you’ve made further modifications. Remove the custom ad blocker rule(s) and the page will load as expected.