ATLANTA, Dec. 13, 2012 /PRNewswire/ -- InComm, a leading prepaid product and transaction services company, today announced the launch of the PayPal My Cash Card, PayPal's first fully branded cash loading card, enabling consumers who rely on cash to make safe, secure and convenient purchases at PayPal's millions of online merchants.
Available in fixed amounts of $50 and $100, as well as variable denominations from $20 to $500, the PayPal My Cash Card is designed to allow consumers to easily convert cash into secure online funds that are quickly accessible through their PayPal accounts. After purchasing a PayPal My Cash card, which are available today at more than 30,000 retail locations across the U.S., a user can simply log into the PayPal My Cash Card website and load the funds directly to their PayPal account using the PIN number on the back of their My Cash Card. If they do not have a PayPal account, they will have the option to simply create one.
"PayPal is providing faster, safer ways to make purchases online, via mobile devices and in-store, and we are thrilled to work with them to offer another innovative product to make it easier for people to shop and pay," said Brooks Smith, president and CEO, InComm. "With this card, we're extending our financial services offerings to enable cash as a funding mechanism for digital wallets, which are increasingly important to consumers as more and more shopping is driven by technology."
"We're delighted to give our consumers more control of their money with the option to load money into their PayPal accounts, unlocking the potential to shop and pay at millions of merchant locations," said Don Kingsborough, PayPal's vice president of Retail Services. "Consumers tell us that they love using their PayPal accounts online, with mobile devices and in store locations, but are looking for additional options to keep it funded – this is a great solution for many of our customers who prefer to work with cash."
The PayPal My Cash Card is available today in more than 30,000 retail locations across the U.S. with plans to be available at more than 60,000 retailers under InComm's network in 2013.
InComm is a leading provider of cutting-edge prepaid products, services and transaction technologies to retailers, brands and consumers. InComm supports more than 400,000 points of distribution and helps retailers build prepaid card destinations, connects brands with new markets and gives consumers a simple, secure shopping experience. InComm stays ahead of emerging trends by analyzing market needs and leveraging its global, innovative commerce platform, go-to-market expertise and extensive partner relationships. With 123 global patents, InComm is headquartered in Atlanta and has offices in North and South America, Europe and the Asia-Pacific region. For more information, visit www.incomm.com or follow us on Twitter at www.twitter.com/incomm.