Designed for Large Retailers Payment24's Closed Loop Pre-paid Card Solution combines the power of our leading payment engine, card, account and chip management, settlement processing, and dispute processing and fraud management products.
Pre-paid solution can be implemented either on-premise or, in some markets, as a hosted solution.
The prepaid market is the fastest growing payment card segment. In the United States alone, the open loop, branded prepaid market will experience an average annual market spend of US$28 billion and the closed-loop, private-label prepaid market US$171 billion between 2006 and 2009. This equates to 33 and 6 percent annual growth respectively.
Also research by MasterCard estimates that spending on prepaid cards in Europe could reach €120 billion by 2010.
Bringing these market-proven software products together to form a comprehensive prepaid solution provides institutions with the following benefits:
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Pre-Paid Card Solution Benefits:
Ownership and control through an in-house system
Natural advantages of a single-vendor solution
Multiple prepaid product through a single system.
Expandable to support not only prepaid programs
Program Management and Support
Completely Web Based
Hosted & Managed Solution offered as well
Real-time bank authorizations and verification
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Perform Online & Offline Authorisations
Smart Card and Magnetic Card enabled
Closed loop and Semi-Closed loop add on available
Accept orders 24 hours a day, 365 days a year
Allowing Online usage for consumers.
Online real time order reports and balance reports.
Web Based Transaction Manager
Detailed reporting for Retailers & Head Office
Excellent Support Center
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