Walmart Launches Rapid Reload™ to Provide Americans with an Affordable and Convenient Way to Add Cash to Prepaid Cards Retailer partners with Green Dot, InComm and First Data to expand prepaid network
BENTONVILLE, Ark., Oct. 2, 2012 /PRNewswire/ -- Walmart is launching an affordable and convenient way for customers to load money onto prepaid cards with Rapid Reload, a new service that will accept reloadable cards affiliated with the Green Dot Network, InComm's Vanilla Reload Network and First Data's Money Network. Available today in more than 3,800 Walmart stores nationwide, customers can add money to their card at any register for a low price of $3.74.
According to a recent study by Mercator Advisory Group, 56 million Americans have a prepaid card or payroll card. Rapid Reload is a savings for these consumers who have been paying up to $5 to add cash to their cards.
"Many of our customers continue to seek alternatives that improve both the convenience and cost of every day financial services," said Daniel Eckert, vice president of financial services for Walmart U.S. "Through our partnerships with Green Dot, InComm, and First Data, we are ensuring that the majority of prepaid cards available in the U.S. can be reloaded at Walmart. This is another way we are providing millions of Americans with affordable ways to manage their money."
Before today, customers had to make an extra stop to reload their prepaid cards before shopping at Walmart. With Rapid Reload, the process is simple. There are no forms to fill out, no scratch-off PINs and no need to make a phone call or visit a website to complete the reload.
Walmart will now accept individually branded cards such as Account Now, Achieve Card, H&R Block, Momentum, Money Network, MyVanilla, NetSpend, PayPal, Rush Card and Upside among others. Walmart's MoneyCard, the world's best-selling prepaid card, will remain available for a low price of $3.
Wal-Mart Stores, Inc. (NYSE: WMT) serves customers and members more than 200 million times per week at over 10,300 retail units under 69 different banners in 27 countries. With fiscal year 2012 sales of $444 billion, Walmart employs 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com, on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmartnewsroom. Online merchandise sales are available at http://www.walmart.com and http://www.samsclub.com.