“Mess with us, we’ll mess with you. That is the message one can derive from JPMorgan’s surprise announcement that it plans to ‘sell or wind down its business of issuing prepaid cards for corporate payrolls and government tax refunds and benefits.’ Which also includes the infamous Electronic Benefits Transfer, or foodstamps, card. According to Reuters, the product, which has been offered with cash and treasury services to companies and governments, ‘had become a headache of risks in operations and regulations, according to a person familiar with the matter who was not authorized to speak publicly.'”

http://www.zerohedge.com/news/2014-01-09/jpmorgan-exit-foodstamp-other-prepaid-cards-business

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