Prepaid Cards With EMV Chips 

Prepaid Cards With EMV Chips: A prepaid card often called a prepaid debit card is a payment card that requires no network access because the cash is simply stored in the card and not with a financial institution such as a bank. It’s like having an electronic wallet or pocket that holds your cash for you until you need to spend it. EMV is known as a smart card because of the chip that comes with it. This chip is what makes it a lot better than the magnetic strip. If you’ve ever seen someone slide their credit or debit card, it’s because that card has no EMV chip.

With this background information, you can now understand what a prepaid card with an EMV chip means. Some of the prepaid card with EMV chips are GoHenry’s Prepaid MasterCard, Akimbo Prepaid MasterCard, Greenlight Prepaid MasterCard, PNC SmartAcess prepaid Visa Card, Wells Fargo EasyPay Card, and more. It is a personally funded card that uses the chip to carry out secure transactions at chip-enabled payment terminals. 

Prepaid Cards With EMV Chips 

As the topic goes on, we will be listing out 10 types of prepaid cards that have EMV chips embedded in them.

1. Akimbo Prepaid MasterCard

• Akimbo is a program manager that issues cards to organizations such as operations, businesses, government entities, and nonprofit organizations.
• Akimbo has a license from MasterCard International Inc. and, as such, this prepaid MasterCard can be used internationally, anywhere a MasterCard would be accepted.

2. Current Prepaid Visa 

• “Current” is known as a financial technology organization that doesn’t carry out banking services. However, they are affiliated with Choice, which carries out banking services.
• The “Current” prepaid Visa card, is issued by Choice Financial Group. This Choice financial group has a license from Visa U.S.A. Inc. Therefore, a current prepaid visa card is utilized wherever visa cards are welcome.

3. GoHenry’s Prepaid MasterCard

• The prepaid MasterCard is issued by the GoHenry financial technology organization, in association with the Community Federal Serving bank.
• This bank is licensed for operation by MasterCard International Inc. So, the GoHenry prepaid MasterCard functions just like any other MasterCard.

4. Greenlight Prepaid MasterCard

• The Greenlight prepaid MasterCard was created to help parents teach their children how to use money wisely, through budgets and savings.
• The prepaid card is issued by the Community Federal Serving Bank, which is licensed under MasterCard International, Inc.

5. RushCard Prepaid Visa

• The prepaid Visa card is distributed by Meta Bank, through the Rushcard financial technology organization.
• The Visa U.S.A. International Inc. license allows Meta Bank to operate anywhere in the world.

6. Walmart money card

• The Walmart money card is a MasterCard and a Visa card obtained from the Walmart financial institute issued by the Green Dot Bank.
• Green Dot Bank is licensed by MasterCard International Inc. and Visa U.S.A International Inc. to operate anywhere smart payment is needed.

7. PNC SmartAcess prepaid Visa Card

• The PNC SmartExcess prepaid card is a Visa card issued by the PCN Banking financial institution.
• The PNC Bank is a combination of the Pittsburgh National Corporation and the Provident National Corporation that operates under a license by Visa International Inc. to function where smart card payments are needed.

8. TD Connect Reloadable Prepaid Visa Card

• These prepaid cards are disbursed by TD Bank itself under the license of Visa U.S.A. Inc. to be used for smart electronic payment.
• TD bank is short for Toronto-Dominion bank stationed in Cherry Hill, New Jersey, U.S.

9. TD Go Reloadable Prepaid Visa Card

• The TD Go readable visa card, is a prepaid card for teenagers and children whose parents already have an account with TD bank.
• It is the smart way to teach your kids how to spend, save and manage a financial budget.

10. Wells Fargo EasyPay Card

• The Wells Fargo EasyPay Card is a prepaid card issued by Wells Fargo Bank under the license of Visa International Inc. to be used when smart payment is called for.

Conclusions

A prepaid card with an EMV chip is a smart and very secure way to use your money if you’re looking to manage your spending. There are so many prepaid cards out there to help you have an electronic wallet without using a bank account. Your financial safety is guaranteed with an EMV chip. However, you have to be smart.

Frequently Asked Questions

• Is the EMV chip for prepaid cards only?

The answer is no. The EMV chip is for any smart payment card, either debit or credit, that seeks to have a high level of security while operating a transaction.

• Does all prepaid have an EMV chip?

The answer is no because payment cards existed before the introduction of EMV chips. At that time, they used a magnetic strip that worked by swiping your payment card.

• Can prepaid cards with EMV chips be gotten outside the bank?

Yes. In most cases, prepaid cards are gotten from non-banking organizations. These organizations are financial technologists that know how to run and manage electronic transactions.