Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


04:01 PM
Connect Directly

MasterCard Prepaid Card Users Can Now Reload at Western Union Locations

MasterCard and Western Union announced today that MasterCard prepaid cardholders will be able to fill up at Western Union locations anywhere in the U.S.

MasterCard and Western Union announced a new partnership today that will allow cardholders of MasterCard's rePower prepaid cards issued by banks to reload their cards at any Western Union location in the U.S. The companies said in a statement that the deal will give MasterCard prepaid cardholders the biggest reload network in the U.S. with over 100,000 reload locations, including 45,000 Western Union Agent locations.

The partnership is the first stage in a deal reached by the two companies late last year that makes MasterCard the preferred brand for Western Union-sponsored prepaid programs globally, and Western Union the preferred money-transfer provider for MasterCard. The partnership will make similar MasterCard prepaid services available at Western Union locations in the future, the statement said.

MasterCard cardholders can already reload their cards at the locations of several major U.S. retailers including RadioShack and Wal-Mart.

MasterCard's prepaid cards are aimed at the underbanked, which the card company estimated at around 68 million in the U.S., citing an FDIC study. Many of the underbanked in the U.S. already use Western Union services, such as cash transfers.

[See Related: MasterCard Launches Prepaid Refill Service in Europe]

Jonathan Camhi has been an associate editor with Bank Systems & Technology since 2012. He previously worked as a freelance journalist in New York City covering politics, health and immigration, and has a master's degree from the City University of New York's Graduate School ... View Full Bio

Register for Bank Systems & Technology Newsletters
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.