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Magic Johnson Launches Reloadable Prepaid MasterCard

MAGIC Delivers Financial Management

LOS ANGELES, CA (June 27, 2012) In life, everyone can use a little magic to call their own. Entrepreneur and NBA Hall of Famer Earvin "Magic" Johnson, in partnership with OneWest Bank, FSB, has just launched the MAGIC card, a reloadable prepaid MasterCard that offers a way for cardholders to manage their everyday financial needs. The card is being offered nationally and is available online at OnlyMagicCard.com.

"I want people to know this is my card," said Johnson, chairman and CEO of Magic Johnson Enterprises. "I created this card because I believe everybody should be able to function in today's society where money has changed, and cash is no longer king. The MAGIC prepaid card can help make people's lives easier because it's safer and it allows cardholders to feel more in control. It's also important to me to be clear and upfront about the fees, so that people easily understand how this card works."

To learn more about how people can use the MAGIC prepaid card, and the MAGIC card National Tour, visit OnlyMagicCard.com. On the tour, Johnson wants to know "What Inspires You?" People can share videos of their inspirational stories on YouTube. The person with the most inspiring story will get to meet with Magic Johnson at a special inspirational event in LA.

There is no credit check or bank account required with MAGIC card. The FDIC reports more than 60 million people in the US do not have traditional bank deposit accounts or have limited access to a payment card.

"Let's face it, cash can only take you so far. With the MAGIC prepaid card people can go places and do things they can't do with cash -- like shop online, rent a car, or book travel reservations. But beyond that, it's a card designed for anybody who wants more enjoyment, stability and control in their life."

Source: Magic Johnson Enterprises
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