Teen Family Cards
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