BofA Halts Sales On Some Visa Prepaid Products.

Prepaid debit cards are supposed to have high-growth potential for financial institutions. But Charlotte, N.C.-based Bank of America, the largest debit card issuer in the U.S., is not bullish on some of its prepaid debit products.

Indeed, BofA recently cut sales of Visa-branded, prepaid gift cards by the bank over the telephone and the Internet. The Visa gift card is not reloadable.

BofA also halted sales of the Visa Buxx teenage card, which is a reloadable prepaid debit card designed for parents to give to teenagers as an alternative to giving them credit cards. A BofA spokesperson says the bank is still loading value on existing Buxx cards for customers but stopped selling new Buxx cards in January. Neither prepaid card …