Expectations are broadening around prepaid applications, and corporations are increasingly defining their business models in the prepaid space by taking more proactive measures in management, marketing and distribution of prepaid programs. TSYS®’ prepaid solutions have been utilized by Fortune 500 companies, small- and medium-sized enterprises and leading financial institutions. We offer unparalleled flexibility with the ability to launch multiple programs in multiple languages and multiple currencies across all markets.
As the momentum of globalization propels today’s economy more toward electronic payments, prepaid products directly challenge many paper-based processes and serve as a strategic bridge to new geographic and demographic markets. TSYS’ team of prepaid experts understands that your business is unique, and we use an integrated technology approach to meet your needs. We have been processing solutions for more than ten years in multiple currencies and multiple markets, and understands the unique requirements associated with prepaid. The flexibility of our platform, world-class customer service centers and our industry experience makes TSYS the industry leader in prepaid processing.
We offer prepaid product solutions for:
- Financial Institutions
- Underbanked and Unbanked Consumers
- Retailers and Consumer Packaged Goods Firms
- Corporations
Why TSYS Prepaid?
The prepaid card industry has experienced exponential growth in recent years and TSYS has been at the forefront of this trend. Prepaid cards are quickly replacing cash, checks and paper vouchers, because they are safe, convenient and easy to use.
Prepaid cards provide significant value to consumers and businesses in all markets. For corporations, they provide savings by replacing costly paper checks with reloadable cards. For more than 80 million Americans without checking accounts, prepaid cards serve as a bank account in their wallet and open new opportunities for spending typically not afforded to this group of consumers.
Financial Institutions see the value of prepaid by extending their current card programs to their corporate clients offering corporate incentives, payroll and gift cards for their employees. Prepaid products that are sold directly to consumers in the form of travel and gift cards are not merely a value-added product for financial institutions, but a tool that strengthens relationships.
Corporations see the value in prepaid products in their reduced bottom line, streamlined processes and satisfied employees. Incentive, payroll and gift cards are solutions Fortune 500 companies embrace to meet their business needs. Their employees enjoy receiving a gift that is safer than cash or checks, can be replaced if lost or stolen and is usable anywhere Visa® and MasterCard® are accepted.
Prepaid cards produced for manufacturers and retailers streamline costly paper vouchers and utilize card data to analyze consumer spending habits, while extending brand loyalty with innovative solutions. Prepaid rebates, promotion coupons and gift cards fit the need of this industry and impress consumers.
TSYS' prepaid card solutions are Visa- and MasterCard-branded and also allow fund withdrawals at ATMs. Our state-of-the-art, Web-based technology processes the most innovative and flexible card programs on the market. We offer expert card program development, real-time transaction processing and program management services. Our customizable Web-based front end allows our customers to manage multiple programs in real time with robust reporting tools.
Combining innovative technology and years of experience in prepaid means, we provide the best-in-class products and services to our customers. We believe in true partnerships with our clients and are committed to the continued growth of the prepaid market.
We offer:
- Unsurpassed customer service
- Market-leading technology
- Expert-level knowledge and experience
- Industry leadership
- A consultative approach
- A commitment to partnership
- A global presence
For more information about our Prepaid capabilities and programs, as well as strategic industry partnerships, please contact jsierota@tsys.com.