UKNM: RE: Splash debit card for under 18s

[Dan Calladine]

I think it's an incredibly smart idea, but I've just done a quick search and

found pocketcard (http://www.pocketcard.com) which seems to do the same

thing, but better, because it's Visa, and acceptable in shops.


The point being that people under the age of 18 are not liable for their

debts, so they can't have bank accounts with overdraft facilities, or their

own credit cards (unless they're guaranteed by someone over that age), so a

debit card will only let them spend what they've got.


It's bound to lead to playground one-upmanship, with some kids having them,

but most not, and the kids having them boasting about what their limits are.


It will also mean that sites can target kids more directly, because they'll

have their own means of paying for stuff online, and they won't need

parental clearance to spend out on stuff they've seen online.


So - the concept is very good for sites targeting kids, and a very smart

idea, albeit potentially socially divisive, but there's some strong

competition out there.


All IMHO


Dan



> ------------------------------

>

> Date: Mon, 11 Sep 2000 18:51:58 +0100

>

From: Jason Lloyd <JasonLLansons [dot] com>

> Subject: UKNM: Splash debit card for under 18s

>

> Can I just ask a quick question to all you UKNM types? Today there has

> been a lot of media coverage about the new Splash card: a debit card for

> the under 18's, specially created to make it friendly for online

> purchases. Parents can also access a special site and see exactly what

> their little johnny is buying, and also put any limit on the card too.

>

> Investment banks are said to be backing it to the tune of $6 billion.

> With other similar cards on the horizon soon,(visabuxx), what do UKNM

> think of the implications of this new card for kids, and more

> importantly, the UK online economy?



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