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re: JPM planning to exit prepaid card business
Posted on 1/10/14 at 1:54 pm to Blakely Bimbo
Posted on 1/10/14 at 1:54 pm to Blakely Bimbo
Aren't the Louisiana food stamp debit cards (I forget the official name of them) are issued by JPM via a contract with the state of La? I wonder if these cards are affected?
I know some bank handles that for La but I'm not sure which one.
I know some bank handles that for La but I'm not sure which one.
This post was edited on 1/10/14 at 1:55 pm
1
Posted on 1/10/14 at 3:08 pm to LSURussian
quote:
Aren't the Louisiana food stamp debit cards (I forget the official name of them) are issued by JPM via a contract with the state of La? I wonder if these cards are affected?
yes it is JP Morgan that handles the SNAP cards for the state. I'm sure there would be some effect because JP does a pretty good job at managing it so I could imagine the some problems would arise if another company had to come in and take that over.
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