Kmart® presents the prepaid halogen rechargeable MasterCard®
HOFFMAN DOMAINS, Illinois., July 17, 2012 / PRNewswire / – Kmart® today announced the launch of its new Halogen Rechargeable Prepaid MasterCard® from Green Dot. Kmart is now one of the first nationwide retailers to launch a reloadable prepaid card product piloting no upfront fees to load funds and access to free ATM withdrawals across a nationwide network of over 20,000 ATMs. Available at Kmart.com/Prepaid and Kmart stores nationwide, this new general-purpose reloadable prepaid card allows users to get cash at ATMs, pay bills and make purchases in-store and online, including at Kmart.com and wherever MasterCard debit card is accepted worldwide.
With the Kmart Halogen Card, no bank account is required, no credit check and no minimum balance requirement. Customers load the initial funds onto their halogen card free of charge at Kmart, then come back to Kmart to top up again and again. In addition, cardholders can also sign up to deposit their salaries, tax refunds or government benefits directly at no cost.
“Kmart’s Halogen Rechargeable Prepaid MasterCard is a great money management solution for customers looking for an alternative to cash, credit or checking accounts,” said Jai Holtz, vice president of financial services for Sears Holdings. “With the introduction of the halogen card, we are offering our customers a smart, convenient and secure way to manage their money and control their personal finances. “
Halogen cardholders can also get cash with no withdrawal fees at over 20,000 ATMs in the MoneyPass network nationwide, and they can load additional funds into their cash account at any store. Kmart, or by purchasing a Green Dot MoneyPak® in around 60,000 Green Dot outlets in the United States
“This program is another way for Kmart to offer its customers added value,” said Ron hynes, group executive, global prepaid, MasterCard. “The flexibility of loading money – from their work or benefits – combined with immediate access to using those funds in-store or online, provides greater convenience over cash and checks. “
To obtain a halogen card and for more information on the Kmart Halogen Reloadable Prepaid MasterCard and MoneyPass Network locations, customers can visit Kmart.com/Prepaid or visit their neighborhood Kmart store.
Kmart’s rechargeable prepaid MasterCard was developed with Green Dot Corporation, MasterCard and Synovus Bank. Green Dot and Halogen cards are issued by Synovus Bank or Green Dot Bank. MasterCard is a registered trademark of MasterCard International Incorporated.
Kmart, a wholly owned subsidiary of Sears Holdings Corporation (NASDAQ: SHLD), is a mass merchandising company and is part of ShopYourWay, a social shopping experience where members have the opportunity to earn points and receive benefits on a wide variety of physical and digital formats via ShopYourWay.com. Kmart offers its customers quality products through a portfolio of exclusive brands which include Sofia by Sofia vergara, Jaclyn Smith, Joe boxer, Route 66 and Smart Sense. For more information, visit the company’s website at www.kmart.com | Sears Holdings Corporation website at www.searsholdings.com. | Facebook: www.facebook.com/kmart
MasterCard (NYSE: MA), www.mastercard.com, is a global payments and technology company. It operates the world’s fastest payment processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday business activities, such as shopping, traveling, running a business and managing finances, easier, safer and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Conversations blog, and subscribe for the latest news.
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SOURCE Sears Holding Company