The card has a unique combination of "Debit + Remit" in one, offering the convenience of a prepaid debit card and the ability to send money overseas directly and securely from the card account — 24 hours a day, 7 days a week, said the firm.
According to the firm, loading the balance to 24/7 Card is easy and secure and can be done through direct deposit and bank transfer.
Cash can also be loaded to 24/7 Cards at over 100,000 convenient retail locations throughout the US, including most Walmart, 7-11, CVS, Rite-Aid, Safeway, and other locations.
24/7 Cards can also be loaded at Western Union and Moneygram locations and funds are held in an FDIC-insured financial institution, while all Visa transactions are protected by Visa’s Zero Liability Policy.
Recipients can get their money from more than 20,000 remittance partner locations throughout México, Central and South America and the Caribbean including BBVA Bancomer, ELEKTRA, HSBS, Banorte, Citibank, Banrural, Banco Industrial and Credomatic.
Commenting on the new services for Hispanic consumers, 24/7 Card CEO Lance Rosenzweig said the firm is pleased to empower Hispanic-Americans and other immigrants with a safer, more cost-effective way to send money to individuals in Mexico, Central and South America, the Caribbean, and other countries, including China, India and the Philippines.
