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|Posted Saturday, January 5, 2007
|Treasury plans social security debit card
NEW YORK (Reuters) - The U.S. Treasury Department is set to offer a prepaid debit card
for Social Security recipients, and has chosen Dallas-based Comerica Bank as the card
issuer, The Wall Street Journal reported on Friday.
The report said the card is targeted at Social Security and Supplemental Security
Income recipients who don't have bank accounts, and is also aimed at providing cheaper and
more secure payments by shifting away from paper checks.
Comerica Bank is a subsidiary of Comerica Inc.
(Editing by Gerald E. McCormick)
Copyright © 2008 Reuters Limited
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