Universal Tax System has launched the CashWise™ card as a part o
f the TaxWise product line. The stored value card is provided in cooperation with UTS' partner, HSBC. The new CashWise™ card lets taxpayers load their refund [RAL or RAC] onto a stored-value card which they can use like a debit or ATM card. HSBC claims the cards will be accepted at over 2.3 million locations. For some practitioners, it’s an easy decision because their clients can replace the card if it’s lost or stolen.
Intuit's ProSeries line has a similar offering being tested this year. If your clientele tends to be unbanked or are heavy users of bank products, the debit card might just be something to look at!
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