Teen Family Cards
Prepaid Teen cards are a powerful tool for both parents and teens. Parents may purchase a Teen Card for their teenager. Teens can then use this card wherever debit cards are accepted. Parents may monitor the teen’s transactions and spending. Parents can also reload this card with their teen’s allowance or other spending money. It is a great way for teens to experience the flexibility of a network-branded card while learning financial responsibility.Prepaid cards are safer than cash and provide a convenient and flexible way for Teens to enjoy the benefits of a Visa branded card.
Kids' spending is increasing at a fast rate!
- 12 to 19 year olds spend $170 billion/year
- Average adolescent spends $264/month
Kids quickly adapt to new technology
- 20% (over 20 million) of the online population is younger than 17 yrs old
Kids want payment cards!
- 11% of students age 12 – 19 have credit cards
- Another 10% have access to parents’ cards
- Almost all kids WANT a card of their own
Kids lack money management skills:
- 85% of parents say kids lack basic skills to manage finances
- High school seniors only scored an average of only 50% on a practical, multiple choice test on basic personal finance
- 90% of high school kids say they have learned about money management through their own experience
GTP Teen Card Program Advantage:
- 100% safe. 100% secure
- No overdraft fees. Ever!
- It’s not a credit card
- No credit. No Debt. No interest.
- Online & phone reloadable
- Over 35 parental control features
- Access to over 25 million merchants and ATM’s worldwide
- Commerce easier and more secure between all parties involved
GTP Teen Card Solution:
We provide all the resources needed to launch and manage a prepaid debit card program:
- The website is rated for Teens
- The website uses a secure, dynamic database
- Identity verification system uses most recent technology to abide by government regulations and comply with the Patriot Act
- Customer information is confidential, encrypted and not shared or sold to other companies for solicitation
- All payment transactions are processed using standard debit-based technology (Star, Pulse, etc.)
- Funding accounts are held by the issuing bank