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A fledgling financial-services group that grew out of the Occupy Wall Street movement is looking to launch a debit card aimed at people who want to forgo conventional banks. The group, Occupy Money Cooperative, is currently seeking donations on its website, where it hopes to raise $900,000 to launch a prepaid, low-fee, FDIC-insured debit card that it will offer free to co-op members. As of Wednesday afternoon, the group had raised only $5,389, but the campaign has picked up steam since Monday, when an article about the proposed card appeared in the New York Times.
