CFSI's President and CEO, Jennifer Tescher, was quoted in the Wall Street Journal this week in an article spelling out the thought process a consumer should go through before buying a prepaid card. Tescher encourages consumers to shop around before purchasing.

Some additional tips in the article about prepaid cards are:

• Reoloadable prepaid cards won't build your credit
• Useful for overspenders and people who avoid banks
• Fees can be costly.

See the full article on The Wall Street Journal.