Black-owned Prepaid Debit Card Program Launches to Help Low Income Families

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StressFreeMoney LLC, a Black-owned financial services firm, has announced the launch of the SFM Prepaid MasterCard® with the revolutionary FriendSpend Rewards* program powered by Cascade Financial Technology Corp in Las Vegas, NV.

The SFM Prepaid MasterCard allows cardholders to avoid monthly fees when they load at least $750 per month. Cardholders will also have access to over 50,000 surcharge-free ATMs**. The card offers online banking, direct deposit, and the ability to share funds with other SFM cardholders. Funds loaded on the SFM Prepaid MasterCard are FDIC insured through Sunrise Banks, N.A., the issuer of the card.

“We are excited to launch our new prepaid card program, which offers an economical solution for the more than 40 million unserved, underbanked American consumers,” said Sandra Lewis, President of StressFreeMoney LLC. “StressFreeMoney looks to give our clients the best card value possible.”

Spencer Schmerling, CEO of Cascade, added, “We are excited about the launch of the SFM Prepaid MasterCard, and we are proud to combine our revolutionary FriendSpend Rewards program with StressFreeMoney’s value proposition of offering their clients a low-fee financial solution. We look forward to the growth of this new program as cardholders refer their friends and family to build up their Spending Squads.”

The SFM Prepaid Mastercard delivers inclusive products and services, providing an alternate way for cardholders to build rewards by doing things like paying bills online, shopping, and traveling exclusively using a prepaid card They can share this great opportunity with friends and family using the social media suite of tools available to each cardholder.

About the author / 

Kelsey Stone

Chicago native with a passion for writing, music, and social justice. Creative, intelligent, and bold, but can be a little sophistaratchet sometimes.

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