College students are always on Facebook, so they should be able to manage their bank accounts on Facebook. It’s an idea that’s powerful in its simplicity, and one brought to the table by Waspit, a new FDIC-insured prepaid player looking to take advantage of an untapped collegiate demographic. How does Waspit’s social integration attract users, and how is it looking to advance the NFC industry? PYMNTS.com spoke with Richard Steggall, Waspit’s CEO, to learn.
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