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Which entity will be the primary critic of the MoCaFi migrant debit card program by the end of 2024?
2
Resolution / Starting Odds
New York City Council • 25%
Local advocacy groups • 25%
State government officials • 25%
Federal government officials • 25%
Public statements, news articles, or official records
Story
NYC Expands MoCaFi No-Bid Migrant Debit Card Program Amid Cost Concerns
Jul 7, 2024, 02:22 PM
New York City is expanding its pre-paid debit card program for migrants, allocating millions of dollars to support the initiative. The program, which involves a no-bid contract with MoCaFi inked in January, has faced criticism for its high administrative costs. In the first half of the one-year contract, NYC taxpayers paid or owe MoCaFi $211,000 for $648,000 in payouts to migrants, resulting in a 33% fee rate. Through late June, the program has racked up about $850,000 in costs, with the city considering extending the contract to reduce these fees. Critics argue that the program's design has led to excessive costs, benefiting the vendor more than the migrants.
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Yes • 50%
No • 50%
Majority support • 25%
Majority opposition • 25%
Evenly split • 25%
Insufficient data • 25%
High fees • 25%
Centralization concerns • 25%
Lack of merchant acceptance • 25%
Other • 25%
Program expanded further • 25%
Program remains the same • 25%
Program scaled back • 25%
Program terminated • 25%
Increased costs for consumers • 25%
Stifling innovation • 25%
Complexity of compliance • 25%
Other • 25%
US Congress • 25%
Major US Bank • 25%
Civil Rights Group • 25%
Other • 25%
Secret Service • 25%
Department of Homeland Security • 25%
White House • 25%
Other • 25%
Apple Pay • 25%
Google Pay • 25%
PayPal • 25%
Other • 25%
Republican Politicians • 25%
Democratic Politicians • 25%
Media Outlets • 25%
Public Advocacy Groups • 25%
Apple Pay • 25%
Google Pay • 25%
Venmo • 25%
Other • 25%
Liquidity concerns • 25%
Operational inefficiencies • 25%
Regulatory issues • 25%
Other • 25%