New Kmart card offers alternative to traditional banking

HOFFMAN ESTATES, Ill. — Kmart became one of the first retailers to offer a reloadable prepaid card requiring no initial charge to load funds with the launch of its new Halogen Reloadable Prepaid MasterCard offered by Green Dot. In addition to the no charge for loading funds, the card offers free ATM withdrawals from network ATMs, and is available with no bank account, credit check or minimum balance required.



Customers load initial funds onto their Halogen Card for no fee at Kmart, and then come back to Kmart to reload again and again. Additionally, cardholders can also sign up to direct deposit their wages, tax refunds or government benefits payments at no charge.



"Kmart's Halogen Reloadable Prepaid MasterCard is a great money management solution for customers seeking an alternative to cash, credit or checking accounts," said Jai Holtz, VP financial services for Sears Holdings. "With the introduction of the Halogen Card, we're giving our customers a smart, convenient and safe way to manage their money and gain control over their personal finances."



Kmart's Reloadable Prepaid MasterCard was developed with Green Dot Corp., MasterCard and Synovus Bank. Green Dot and Halogen Cards are issued either by Synovus Bank or Green Dot Bank. MasterCard is a registered trademark of MasterCard International Inc.