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Religious Debit (8/11/00)
FULL STORY:
Religion and credit have finally come together with the christening of a new
MasterCard. Revelation America and Western Union unveiled their new co-branded
card at the Progressive National Baptist Convention in Louisville, Kentucky
this week. The Revelation America Western Union MasterCard is a pre-paid debit
card. The card is targeted at the so-called "unbanked" or consumers without any
bank relationships. MemphisFirst Community Bank, a minority-owned bank, will be
the principal issuer of the new card. Revelation America is a company owned,
in part, by the five largest African-American denominations in the country,
including the Christian Methodist Episcopal Church, National Baptist Convention
USA, National Baptist Convention of America, African Methodist Episcopal Zion
Church, and Progressive National Baptist Convention. The overall strategic goal
of Revelation America is to expand access to financial services in order to
help revitalize America's cities. For additional information on the card visit
www.revelationamerica.com.
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