Debit Cards - The New Mexico Department of Workforce Solutions is implementing a pilot project to test the Unemployment Insurance Prepaid Debit Card program. The department will offer a prepaid debit card for eligible unemployment insurance benefit claimants. Approximately 400 claimants have been enrolled for the project during its piloted phase. The program is being offered in partnership with Bank of America.
The new program will enable NMDWS to offer direct deposit to a wider range of benefits recipients. The use of the Bank of America prepaid card program highlights the department's goal to have all Unemployment Insurance benefits to be paid electronically. In addition to the Unemployment Insurance Prepaid Card, the department will launch a direct deposit payment component before the end of the year. The universal electronification of benefit payments will help reduce New Mexican's exposure to check fraud, making the program faster, easier, more secure for the claimant. |
