Card Issuing

What are prepaid cards?

Also known as stored-value cards, prepaid cards are the perfect alternative to carrying cash. Physical or virtual, these cards with an underlying digital wallet that is not linked to your bank account.

Government entities, banks, and businesses use prepaid cards extensively to cut costs, reach more beneficiaries/customers, increase revenue, and enhance loyalty and lifetime value. In addition, prepaid cards foster financial inclusion by enabling monetary disbursements and economic access to the unbanked and underbanked populace.

How Do Prepaid Cards Work?

• With crucial differences, prepaid cards function similarly to debit and credit cards.
• Prepaid cards can be used to make purchases, similar to a debit card. But when you get a prepaid card, it comes with a balance that acts as your spending limit.
• Once you’ve spent the balance, the card becomes unusable until you add more money (If reloadable).
• Prepaid Cards can be Physical or Virtual Cards with an underlying digital wallet that is not linked to your bank account.
• It is a cost-effective and secure method to distribute funds.

Fully Integrated Solution

We deliver one solution: card management, funding options, transaction processing, fraud prevention, compliance support, web-based administration, and cardholder services.

State-of-the-Art Platform

By using our flexible prepaid platform, we can help you implement multiple custom programs differentiating your solution in the marketplace and allowing you to seize new opportunities to stay competitive.

Support Services

Dedicated and experienced support personnel specializing in the prepaid industry will assist you with implementation, answering all your questions and providing support to cardholders.

Security

One of the most secure and compliant companies in the prepaid space, Dynamics Payments offers an in-house, custom-built, PCI-compliant platform that’s unmatched in the industry.

Valuable benefits to Beneficiaries’

Prepaid cards provide utility and convenience for customers.

• Fast, Easy, and Convenience.
• Immediate receipt of funds – no waiting for checks to arrive in the mail.
• Flexible – may be used at any of the 30 million merchants where Debit MasterCard is accepted and at any of over 250,000 MasterCard ATMs.
• Convenient – avoid a trip to the bank or other check casher.
• Safe and secured – eliminates the problem of lost or stolen checks and provides zero liability protection if the card is lost or stolen.
• Provides consumers a choice – on how to receive their funds.
• Everyday living made accessible – detailed online transaction history, online bill pay, online shopping, and attractive merchant discount programs.
• Supports environmentally friendly lifestyle – keeps tons of paper waste out of landfills.

What Is a Prepaid Program Manager?

In short, a prepaid program manager owns a prepaid debit or credit card program. Having a relationship with one of these providers will allow you to offer prepaid cards to clients. Clients can then place cash onto a physical or virtual debit card and use it to make purchases. Once they use up the money on a card, they’re typically free to load it up again as needed. A prepaid card program simplifies finances and creates a better way to control spending, especially for businesses that may need to make a variety of small purchases over a month.

The prepaid card program manager is often responsible for working with the issuing bank and card network (Visa or Mastercard) to create a debit card program for a company. They may assist you with other tasks, like creating rewards strategies, fostering customer engagement, maintaining security, integrating technology, and building business relationships with banking networks. In addition, Program Managers can:

• Construct and trial cards in DP private Simulations/ Sandbox.
• Multiple APIs are configurable and stress-free to integrate.
• Scalable and proven State of Art Platform that allows our customers to launch new programs seamlessly and quickly to market.
• Can build a Prepaid program tailored to the customer’s needs.
• Authorized Card Network Certifications.
• Securely embed cards into your apps.
• Consistent, high-quality customer service and efficiency.
• Global Acceptance Capabilities.

Solutions – Mobile Apps

• Cardholders can register any cell phone to interact with their cards.
• Cardholders can use their phones to:

  • Transfer funds

  • View transaction history

  • Locate ATMs

  • Pay bills.

  • Cardholders can customize the following alerts:

  • Daily, weekly, and monthly balances

  • Transaction alerts at customizable amounts

  • Low-balance warnings

  • Merchant-type notifications

  • Discount coupon notifications (opt-in).