Welcome!

Symbian Authors: Jack Newton, Kevin Benedict, Matthew Lobas, Shelly Palmer, RealWire News Distribution

News Feed Item

H&R Block First in Prepaid Card Industry to Provide Mobile Check Cashing, Instant Cash-Back Rewards

Emerald Prepaid Mastercard(R) Launches New Online Tools, Smartphone Apps, Retailer Rewards

KANSAS CITY, MO -- (Marketwire) -- 12/04/12 -- H&R Block (NYSE: HRB) has announced new consumer benefits providing instant cash rewards from select retailers and instant access to funds via mobile check deposit. The Emerald Prepaid Mastercard®, having been named one of the top 3 consumer-friendly prepaid cards in a study by Bankrate.com*, is one of the lowest cost, client-friendly prepaid programs in the industry.

Approximately 60 million consumers choose alternative banking methods. Even with new providers, such as Chase Liquid(SM) and American Express Bluebird®, the Emerald Card is the only prepaid card with a bundle of services providing:

  • Instant mobile deposit
  • Instant cash rewards
  • Ability to load prepaid cell phone minutes
  • Access to savings account
  • Access to line of credit
  • Ability to write checks.

"Combining these new features with no activation, monthly account or purchase fees, our Emerald Card is a world-class checking account alternative," said Susan Ehrlich, president of H&R Block Financial Services.

Instant cash as close as the phone
The Emerald Card is the only prepaid debit card providing clients immediate access to funds deposited via an innovative remote check capture feature in the Emerald Car Mobile Banking App™. H&R Block introduced this feature to enable the user to snap a picture of a check with the phone's camera and instantly deposit the funds to the account upon check approval. This check-to-card feature delivers convenience in loading funds onto the Emerald Card -- saving time and money -- while providing immediate availability to funds.

Use has its rewards
H&R Block also has announced another first in the prepaid market with H&R Block Emerald Cash Rewards(SM). H&R Block has partnered with national retailers to provide cardholders more than $100 in free instant reward offers every month.

"It's the best kind of instant rewards program there is," Ehrlich said. "There are no coupons to clip or points to track -- ever."

Cardholders simply use their Emerald Card for everyday purchases at participating merchants and get instant cash rewards from popular restaurants and major home goods, electronics and apparel retailers. When clients shop at these participating merchants and use their Emerald Card, the cash back reward instantly is loaded onto the card.

A new way for prepaid
H&R Block recently launched a new online banking site for clients, as well as fully integrated free apps for iPhone®, iPad® and Android®.

H&R Block's Emerald Online and mobile app enable cardholders to review account activity and manage their money at home or on the go. Emerald Online is powered by industry-leader Plastyc**, which recently was named as providing one of the best consumer value programs in the prepaid industry.*

By visiting www.hrblock.com/emeraldcard, cardholders will benefit from a new interface to perform the following tasks and more with greater ease:

  • Access transaction history and balance
  • Issue personal checks or pay bills
  • Add prepaid minutes to their cell phone
  • Sign up for text and email alerts.

"H&R Block is more than the nation's largest tax preparation company. We have been helping millions of consumers redefine their banking relationship," said Aaron Caid, vice president of H&R Block's prepaid division. "Our focus is on providing the prepaid consumer a great low-cost alternative for managing everyday finances conveniently and securely."

*See Bankrate.com 2011 prepaid card survey.
**Plastyc was chosen as a 2012 Paybefore Awards winner in the Best Consumer Value in prepaid category for its UPside Visa® prepaid card program.

About H&R Block
H&R Block, Inc. (NYSE: HRB) is the world's largest tax services provider, having prepared more than 600 million tax returns worldwide since 1955. In fiscal 2012, H&R Block had annual revenues of $2.9 billion and prepared 25.6 million tax returns worldwide. Tax return preparation services are provided in company-owned and franchise retail tax offices by nearly 100,000 professional tax preparers, and through H&R Block At Home™ digital products. H&R Block Bank provides affordable banking products and services. For more information, visit the H&R Block Online Press Center.

Add to Digg Bookmark with del.icio.us Add to Newsvine

For Further Information
Gene King
816-854-4287
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...