HOFFMAN ESTATES, Ill., July 17, 2012 /PRNewswire/ -- Kmart® today announced the introduction of its new Halogen Reloadable Prepaid MasterCard® offered by Green Dot. Kmart is now among the first retailers nationwide to launch a reloadable prepaid card product piloting no initial charge to load funds, and access to free ATM withdrawals at a nationwide network of more than 20,000 ATMs. Available at Kmart.com/Prepaid and Kmart stores nationwide, this new general purpose reloadable prepaid card allows users to get cash at ATMs, pay bills and shop in-store and online including at Kmart.com and everywhere Debit MasterCard is accepted worldwide.
With Kmart's Halogen Card, there is no bank account required, no credit check, and no minimum balance requirement. Customers load initial funds onto their Halogen Card for no fee at Kmart, and then come back to Kmart to reload again and again. Additionally, cardholders can also sign up to direct deposit their wages, tax refunds or government benefits payments at no charge.
"Kmart's Halogen Reloadable Prepaid MasterCard is a great money management solution for customers seeking an alternative to cash, credit or checking accounts," said Jai Holtz, VP of Financial Services for Sears Holdings. "With the introduction of the Halogen Card, we're giving our customers a smart, convenient and safe way to manage their money and gain control over their personal finances."
Halogen cardholders can also get cash with no withdrawal fee from more than 20,000 MoneyPass network ATMs nationwide, and they can load additional funds into their account with cash at any Kmart store, or by purchasing a Green Dot MoneyPak® at approximately 60,000 Green Dot retailer locations across the U.S.
"This program is another way Kmart is providing its shoppers with increased value," said Ron Hynes, group executive, global prepaid, MasterCard. "The flexibility to load money - from their job or benefits - combined with the immediate access to use those funds in-store or online, delivers greater convenience over cash and checks."
To get a Halogen Card, and for more information about the Kmart Halogen Reloadable Prepaid MasterCard and MoneyPass Network locations, customers can visit Kmart.com/Prepaid or visit their neighborhood Kmart store.
Kmart's Reloadable Prepaid MasterCard was developed with Green Dot Corporation, MasterCard and Synovus Bank. Green Dot and Halogen Cards are issued either by Synovus Bank or Green Dot Bank. MasterCard is a registered trademark of MasterCard International Incorporated.
Kmart, a wholly owned subsidiary of Sears Holdings Corporation (NASDAQ: SHLD), is a mass merchandising company and part of ShopYourWay, a social shopping experience where members have the ability to earn points and receive benefits across a wide variety of physical and digital formats through ShopYourWay.com. Kmart offers customers quality products through a portfolio of exclusive brands that include Sofia by Sofia Vergara, Jaclyn Smith, Joe Boxer, Route 66 and Smart Sense. For more information visit the company's website at www.kmart.com | Sears Holdings Corporation website at www.searsholdings.com. | Facebook: www.facebook.com/kmart
MasterCard (NYSE: MA), www.mastercard.com, is a global payments and technology company. It operates the world's fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard's products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Conversations Blog and subscribe for the latest news.
SOURCE Sears Holdings Corporation