CONSUMER GENERAL SPEND CARDS

Our consumer solutions help our clients enhance existing financial services and / or launch new services through the use of prepaid cards. For example, cash, voucher and cheque payment processes can be readily replaced by prepaid cards which provide superior customer service and more efficient processes.

There are many uses of consumer prepaid cards, including:

• A simple alternative to debit or credit cards, such as gift cards
• As a product to improve brand awareness through the use of prepaid cards to pay compensation or refunds to customers

For consumers prepaid cards can offer a range of benefits:

• Financial Inclusion: Prepaid cards can facilitate financial inclusion through the use of pay-as-you-go style cards, providing new opportunities for an estimated 42% of UK consumers who cannot access credit or have a compromised credit history. As the UK's migrant population continues to grow, prepaid acts as an entry point into banking services and financial inclusion.
• Minimise concerns over e-commerce: General spending cards are ideal for consumers concerned about fraud during e-commerce shopping. With prepaid cards discrete amounts can be loaded for specific transactions, removing the risk a debit or credit card being compromised.
• Improve Budgeting: As with prepay mobile telephones, prepaid cards allow consumers to budget and manage their money.

Our industry expertise enables us to design and deliver prepaid card programs to ensure our clients are capturing new market opportunities and delivering an excellent service to their existing customers. Our consumer solutions can be white labelled and provided as an additional service to existing customers to help develop new revenue streams while supporting and integrating seamlessly with existing services.