IRVING, Texas, April 16, 2020 /PRNewswire/ -- This week, the
U.S. Treasury Department began sending out economic impact – or
stimulus – payments, in response to the COVID-19 pandemic. However,
some people may have to wait weeks or months to receive their
payments by mail. With its Trans@ct by 7-Eleven®
Prepaid Mastercard®, 7-Eleven, Inc. provides a
convenient solution to under- and un-banked individuals and
families to help them receive these much-needed funds
faster1 than a paper check.
The Trans@ct by 7-Eleven® Prepaid Mastercard® offers cardholders
an alternative to brick-and-mortar banks, and can receive direct
deposit payments such as government benefits or paychecks. After
registration and activation, all funds loaded onto Trans@ct by
7-Eleven card accounts are FDIC-insured. To facilitate stimulus
payments, the U.S. Treasury Department is setting up a web portal
to allow individuals to update their direct deposit information.*
The web portal will be available as early as this week, and
Trans@ct by 7-Eleven cardholders can update their account
information to receive their stimulus checks via direct deposit
sooner, rather than waiting to receive the payments in the
mail.
"7-Eleven continues to look for ways to help our customers as
they face hardships brought on by the COVID-19 pandemic," said
7-Eleven President and CEO Joe
DePinto. "We know a large number of Americans will need
access to their checks as soon as possible, and we want to meet
that need."
Customers can purchase a Trans@ct by 7-Eleven card at
participating 7-Eleven® stores, or they can apply online at
https://www.transact711.com/. After customers complete enrollment,
they will receive account information that can be used to update
direct deposit information.
Here are some of the benefits of the Trans@ct by 7-Eleven®
Prepaid Mastercard®.
- Reloadable – Money can be loaded onto the card at any 7-Eleven
store.2
- No cost ATM – Cash withdrawals at Allpoint Network ATMs in
7-Eleven stores, or any ATM with a Trans@ct by 7-Eleven logo, are
fee-free.3
- Shop – Use wherever Debit Mastercard is accepted – online,
over the phone and in stores.
- Mobile app – Access account information in the Trans@ct by
7-Eleven Mobile App or in the Online Account Center, and track
spending, check deposits and account balance.4
- Bill pay – Pay bills using the Trans@ct by 7-Eleven Mobile
App, online at www.transact711.com, as well as at any 7-Eleven
store.5
- Load checks with phone – Use iPhone or Android smartphone
camera to load checks onto the card account with the Mobile
App.6
- Text alerts – Anytime Alerts™ can be set up to send a
text or email after every transaction.4
- Earn rewards – Regular use of a Trans@ct by 7-Eleven
account earns waived fees and 7Rewards® loyalty program members can
link their account to the Trans@ct by 7-Eleven card to earn points
that can be redeemed for 7-Eleven merchandise.
1 Faster access claim is based on comparison of
a disbursement via direct deposit vs. disbursement via a mailed
paper check. For further information, visit
www.irs.gov/coronavirus/economic-impact-payments.
2 Fee may be assessed by reload location and may vary
from location to location.
3 There is no cost for ATM transactions
performed at Allpoint or Trans@ct ATMs at participating 7-Eleven
locations. Look for the Allpoint or Trans@ct logo or
visit www.Transact711.com for a list of participating
7-Eleven locations. A $2.50 fee
applies for each cash withdrawal made at all other domestic ATMs,
plus the ATM operator's fee, which may vary from ATM to ATM. There
are other costs, terms, and conditions associated with the use and
reloading of this Card Account.
4 We do not charge for this service, but your
wireless carrier may charge for messages or data.
5 Bill payments may be subject to fee. Details
about bill payment methods are available in the Online Account
Center.
6 Mobile Check Load is a service provided by First
Century Bank, N.A. and Ingo Money,
Inc., subject to the First Century Bank and Ingo Money Terms and
Conditions, and Privacy Policy. Approval review usually takes 3 to
5 minutes but can take up to one hour. All checks are subject to
approval for funding in Ingo Money's
sole discretion. Fees apply for approved Money in Minutes
transactions funded to your card. Unapproved checks will not be
funded to your card. Ingo Money
reserves the right to recover losses resulting from illegal or
fraudulent use of the Ingo Money Service. Your wireless carrier may
charge a fee for message and data usage. Additional transaction
fees, costs, terms and conditions may be associated with the
funding and use of your card. See your Cardholder Agreement for
details.
*For more information on the stimulus payments, visit
www.irs.gov/coronavirus/economic-impact-payments
The Trans@ct by 7-Eleven Prepaid Mastercard® and
Trans@ct by 7-Eleven Family Prepaid
Mastercard® are issued by MetaBank®,
Member FDIC, pursuant to license by Mastercard International
Incorporated. Netspend, a Global Payments company, is a
registered agent of MetaBank. Certain products and services
may be licensed under U.S. Patent Nos. 6,000,608 and
6,189,787. Use of the Card Account is subject to funds
availability and ID verification. Fees, terms and conditions apply
to the use and reloading of the Card Account. See Cardholder
Agreement for details.
About 7-Eleven, Inc.
7‑Eleven, Inc. is the premier name and largest chain in the
convenience-retailing industry. Based in Irving, Texas, 7‑Eleven operates, franchises
and/or licenses more than 70,000 stores in 17 countries, including
11,800 in North America. Known for
its iconic brands such as Slurpee®, Big Bite®
and Big Gulp®, 7‑Eleven has expanded into high-quality
sandwiches, salads, side dishes, cut fruit and protein boxes, as
well as pizza, chicken wings and mini beef tacos. 7‑Eleven offers
customers industry-leading private brand products under the
7-Select™ brand including healthy options, decadent
treats and everyday favorites, at an outstanding value. Customers
can earn and redeem points on various items in stores nationwide
through its 7Rewards® loyalty program, place an order in
the 7NOW® delivery app in over 35 participating markets,
or rely on 7-Eleven for bill payment service, self-service lockers
and other convenient services. Find out more online
at www.7-Eleven.com, via the 7Rewards customer loyalty
platform on the 7-Eleven mobile app, or on social media
at Facebook, Twitter and Instagram.
About Netspend
Netspend is the provider of choice to self-banked consumers and
the brands that serve them. With a mission to empower consumers
with the convenience, security and freedom to be self-banked,
Netspend's products have helped over millions of consumers spend,
budget and pay bills since 1999. Consumers can reload and find
Netspend Prepaid Cards at convenient locations nationwide through
Netspend's extensive network of 130,000 reload points and more than
100,000 distributing locations and employers, including check
cashers, convenience stores, grocers, pharmacies, insurance
providers and tax preparers. Headquartered in Austin, Texas, Netspend is a wholly owned
subsidiary of Global Payments (NYSE: GPN). For more information,
please visit www.netspend.com
About MetaBank
Meta Financial Group, Inc.® (Nasdaq: CASH)
is the holding company for the financial services company
MetaBank® ("Meta"). Meta is a leader in providing
innovative financial solutions to consumers and businesses in
under-served niche markets, and believes in financial inclusion for
all. Meta's commercial lending division works with high-value niche
industries, rapid-growth companies and technology adopters to grow
their businesses and build more profitable customer relationships.
Meta is one of the largest issuers of prepaid cards in
the U.S., having issued more than a billion cards in
partnership with banks, program managers, payments providers and
other businesses, and offers a total payments services solution
that includes ACH origination, wire transfers, and more. Meta has a
national presence and over 1,000 employees, with corporate
headquarters in Sioux Falls, S.D. For more information,
visit the Meta Financial Group website.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/transct-by-7-eleven-prepaid-mastercard-can-help-unbanked-receive-stimulus-payments-sooner-than-a-paper-check-with-direct-deposit-301041843.html
SOURCE 7-Eleven, Inc.