It’s been a terrible week for users of RushCard, a prepaid debit card created by hip hop mogul Russell Simmons, ever since a “technology transition” went awry last Sunday and locked users out of their accounts.The story went on to describe the financial pain felt by many low income card users.
Some users have reportedly been prevented from accessing their money for over a week.
Simmons founded UniRush, a financial services company that offers the Rush Card, in 2003.Forbes did not mention Carlyle's acquiring UniRush in 2010. The Carlyle Group commonly charges affiliates millions in management fees.
WSJ recently ran a piece on Carlyle's tech savvy, which leads one to ask: How did Carlyle botch this? Was it the same way they gunked up Boeing 787 Dreamliner production at Vought?
There is more to life than just technology, said David Rubenstein, co-founder and CEO of The Carlyle Group, and it's important to enjoy areas beyond technology whether you are a student or not.Like food, when you have access to your money.
