As the economy tightens, consumers are becoming more cautious. Retailers need to innovate to ensure they retain their loyal customers while increasing revenue. Customers without debit or credit cards are limited in ability to shop online.
Prepaid retail branded store cards can offer the perfect solution. They work as a conventional prepaid debit card, while increasing the awareness and recognition for your brand.
- Increase customer loyalty
- Enable your consumers to shop more easily and securely in stores, on the Internet or by telephone, and to better manage their spending
- Minimise risk of debt, theft, fraud, or abuse since there is no credit or overdraft capability, and spending is limited to the amount preloaded on the card
- Issue a card irrespective of credit history, with no credit checks necessary
- Transfer funds to the account as needed or on a one-time basis
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- Built on the PrePay Solutions core application and authorisation platform
- Batch loading of value to cards
- Cards can be scheme-based (MasterCard®, Maestro, Cirrus acceptance network)
- Comprehensive reporting and information management tools
- Activation requirement deters fraud
- Can be own-branded by retailers
- Can be obtained, issued and used immediately