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.
We deliver one solution: card management, funding options, transaction processing, fraud prevention, compliance support, web-based administration, and cardholder services.
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.
Dedicated and experienced support personnel specializing in the prepaid industry will assist you with implementation, answering all your questions and providing support to cardholders.
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.
Prepaid cards provide utility and convenience for customers.
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:
View transaction history
Cardholders can customize the following alerts:
Daily, weekly, and monthly balances
Transaction alerts at customizable amounts
Discount coupon notifications (opt-in).