Bank Freedom® Announces the Bank Freedom Prepaid MasterCard® Card; Program Offers No Monthly Fee For Both Cash Loading And Direct Deposit Customers An

Thu Oct 15, 9:38 AM

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Merchant Processing International Inc. d/b/a Bank Freedom, a wholly owned subsidiary of Prepaid Card Holdings, Inc. (PPDC: PK), today announced a no monthly fee plan for its cash loading customers. This is a continuing demonstration of Bank Freedom’s commitment to America’s financially strapped consumers. Bank Freedom will waive the monthly fee for customers of its Bank Freedom Prepaid MasterCard® program who deposit either $350 or more by direct deposit or $700 or more in cash each month. For consumers who don’t meet the monthly deposit minimum, Bank Freedom has lowered their monthly fee from $9.95 to only $5.95 per month.

Bruce Berman, CEO of Bank Freedom stated, “Bank Freedom’s mission is to build a brand known for providing its customers a quality financial tool at an affordable price. Our Bank Freedom Prepaid MasterCard includes an online card account where consumers can access their card account balance and transaction history, get statements, and much more. Our optional services like online bill pay and check writing provide America’s underbanked consumers all the tools they need to function in today’s society.”

Bank Freedom’s 100% guaranteed approval policy (subject to verification of id) insures that anyone, regardless of credit history or employment status can get a Bank Freedom Prepaid MasterCard card account, issued by MetaBank. To learn more about the Bank Freedom Prepaid MasterCard and the exceptional benefits offered, go to http://www.BankFreedom.com/.

About Bank Freedom

The Bank Freedom Prepaid MasterCard® Card is issued by MetaBank™ pursuant to license by MasterCard International Incorporated. According to market data available, there are between 40 and 80 million people in the United States who don't have a bank account or who can't qualify for a credit card because their credit scores are too low. This is called the unbanked and underbanked market. The emerging prepaid card solutions offered by Bank Freedom can act as a card account and payment solution for those people who do not use banks or credit cards. For the unbanked and underbanked, the evolution taking place with prepaid cards can replace their reliance on check cashing centers, money orders, and the inability to buy certain products that require a major credit card.

For further information contact Bruce Berman at 877-237-6260 ext. 128 or visit the Company website at http://www.BankFreedom.com

About MetaBank™

MetaBank is a federally-chartered savings bank regulated by the Office of Thrift Supervision. Meta Financial Group, Inc.® is the holding company for MetaBank, Meta Payent Systems®, and Meta Trust Company®. For more information visit www.metacash.com.

About Prepaid Card Holdings, Inc.

Prepaid Card Holdings, Inc. is a publicly traded holding company whose current holdings consist of a 100% interest in Merchant Processing International Inc. DBA Bank Freedom and the Berman Marketing Group, Inc. a multi-channel direct market firm specializing in direct response marketing through Television, Radio, Internet and Print media.

For further information contact Bruce Berman at 877-237-6260 ext. 128 or visit the Company website at www.PrepaidCardHoldings.com.

Certain statements contained in the above, are forward-looking statements that involve risks and uncertainties. The statements contained herein that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements deal with the Company's current plans, intentions, beliefs and expectations and statements of future economic performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to differ materially from what is currently anticipated. The Company cannot guarantee its future results, levels of activity, performance or achievements.

MasterCard is a registered trademark of MasterCard International Incorporated.

Prepaid Card Holdings, Inc.
Bruce Berman, 877-237-6260 ext. 128
http://www.BankFreedom.com