Osper is specially designed for young people aged 8 - 18 year old and has some important differences between a standard bank account or prepaid debit card meaning it might not be appropriate to be used by adults.
Whilst we don’t have any specific limitations on Osper Cards being used by those over 18, there are some important things to be aware of.
Because we are targeted at a young market, Osper has some important limits on spending and withdrawals.
There are various daily limits and yearly limits that might not make it appropriate.
This policy explains our information gathering and dissemination practices.
We collect information in three ways: (1) you share information using the service, (2) you may purchase something from us, and you would give us credit or debit card information to do that, and (3) we collect some information automatically.
But if you are not offering some Loyalty and Rewards Solutions with your debit card, it’s worth a look.
Continue to Investors More financial institutions are offering debit rewards programs to drive higher card usage. Among its findings in 2016 survey of issuing institutions, Mercator found that merchant-funded debit rewards programs — where the merchants provide the rewards (to help them drive traffic and relationships), are growing among banks and credit unions, and that helps reduce costs of providing debit rewards.
Comparison” recently released by the Mercator Advisory Group.* Mercator Advisory Group’s annual survey of the largest 50 banks and credit unions, this year also including online-only banks, reveals that a substantial number of institutions from all three groups are leveraging debit card rewards, with promising results.
Investor information is only available on the US English version of Specifically, Mercator found that 56 percent of financial institutions are offering a reward that involves debit-card usage. adults, Mercator found that “70% of debit card users with debit rewards and 85% of young adult debit card users who have debit card rewards are motivated to use their cards more often because of the rewards.”† In the highly competitive pursuit to become the top-of-wallet card, especially among key demographics like young adults, debit rewards are proving to drive higher usage.
You are about to leave this website and go to the Investors section of First Dataâs US English website. Think about that: a bit less than half of those surveyed DO NOT offer such programs, leaving plenty of room for competitors to gain a competitive advantage. Are you offsetting those costs with a “merchant-funded” rewards program? Young Adult Debit Card Users “Like” Rewards Why should you consider adding a debit rewards program to your portfolio? Not only that, certain offerings can help drive down debit program costs.