Prepaid cards provide a valuable spending tool, by enabling customers to spend in-store and online globally and are ideal for those who cannot or choose not to have a traditional bank account or those wanting to control their spending.
Virtual prepaid cards are produced and delivered to the recipient so that they can use it either as a single use card only or multiple times. It is a secure way for a person to shop online without having to use their bank debit or credit card.
A cardholder can hold a number of different currencies in different wallets and when a transaction takes place, the currency of the transaction will be debited from the matching currency wallet rather than reverting to a traditional one base currency card.
From SMEs to large corporations and public sector organisations, companies want to eliminate cumbersome processes and overheads while increasing convenience, flexibility and security – as well of course profitability.
PFS has developed a bespoke platform for the creation, delivery, distribution and maintenance of instant issue prepaid card programmes. Instant issue cards have zero values on it in store which the customer purchases over the counter.
Prepaid gift and incentive solutions offer a smart way to streamline and enhance rewards and promotional programmes whether it be for businesses looking to reward employees, or for retail brands to attract new or retain existing customers.
PFS issues vouchers that are electronically stored values and can be pre-printed or generated real-time from merchant terminals or websites. The voucher can then be redeemed by the user via a number of channels.
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