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February 11, 2007

Company markets prepaid cards for children

During a recent trip to the grocery store, I was fumbling in my pocket for some cash when my 2-year-old said, "Here's your money, Mommy." She was holding my debit card.

I didn't think much of the incident until last week, when I got an e-mail message pitching the Payjr credit card.

Payjr is a prepaid MasterCard that allows children to shop at stores and online using their own credit card. It also allows parents to go online to track their child's spending and deposit money into the account as needed.

The company is marketing two types of cards. One for teens, the other for children 12 and under.

Read more at: Company markets prepaid cards for children

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