Definition[]
A closed-loop prepaid card
| “ | generally does not have a network logo on it (Visa, MasterCard, American Express, or Discover). You can only use these cards at certain locations — for example, a specific store or group of stores for a gift card, or your public transportation system for a transit card.[1] | ” |
References[]
- ↑ Consumer Financial Protection Bureau, "What is a closed-loop prepaid card?" (full-text).