A Thing
The Green SheetGreen Sheet

Tuesday, December 18, 2012

Virginia prepares with prepaid for tax year 2013

The Commonwealth of Virginia is going paperless for the disbursement of tax refunds. Beginning in tax year 2013, Virginia residents who are not signed up to get refunds electronically direct deposited to bank accounts will automatically be issued prepaid debit cards in lieu of paper checks. Virginia said the move to prepaid is a cost savings initiative mandated by its budget for the years 2012 through 2014.

The Virginia Tax Refund Debit Card is a MasterCard Worldwide-branded, non-reloadable prepaid card. Virginia contracted with Xerox State and Local Solutions Inc., formerly Affiliated Computer Services Inc. (acquired by Xerox Corp. in 2010), to manage the program. Virginia taxpayers will activate tax refund cards via Xerox's Go Program web portal.

Tax refund cardholders get fee free balance checks, online bill payments and transaction alerts. Cardholders also get one free monthly cash withdrawal and balance inquiry at MasterCard MoneyPass ATMs. Fees range from $2.50 for a cash withdrawal from an out-of-network ATM to $5 to replace a card. end of article

The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information.

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
A Thing