Visa and J.G. Wentworth Company will enter the prepaid card category and expand the Company’s product offerings to new and existing customers.
The J.G. Wentworth prepaid Visa cards will initially be offered to certain existing customers in place of a paper check to provide more efficient and convenient access to funds. The prepaid cards will have purchase and fraud protection, the option for payroll direct deposit and serve as a personal finance tool for customers.
Greg Schneider is leading the effort at JGW, and in addition to launching a traditional prepaid offering, the team is also working with Visa to creatively bring innovation to the category and create more opportunities for a broader population of customers to engage with J.G. Wentworth.
J.G Wentworth will also partner with an issuing bank and transaction processor and expects to begin issuing prepaid cards thereafter.
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