As prepaid card solutions enjoy a global surge in popularity, some enormous business opportunities are presenting themselves for you to reach out to new consumer segments, expand your client portfolio and better serve your existing customers.
The global prepaid cards market is forecast to total US$2.4 trillion by 2020, with Asia Pacific representing the fastest growing regional market with a compound annual growth rate of 17.6 per cent from 2013 to 2020.1
Here at First Data, we offer innovative prepaid solutions on our proven VisionPLUS® platform – offering you outstanding access to a comprehensive end-to-end prepaid lifecycle, completely customised based on your needs.
Our VisionPLUS platform delivers a comprehensive outsourced service encompassing all elements of the prepaid value chain. We offer core capabilities such as setup, transaction processing, settlement, clearing, contactless, mobile and inventory management as well as value-added services such as fraud tools, payment gateways, cardholder alerts, online self-service, contact centre and back office functions. If an outsourced service is not your preferred option, you may license the VisionPLUS software. As a flexible, multi-product payments platform, VisionPLUS provides a multitude of possibilities to help grow your business.
We have nearly two decades of prepaid card experience under our belt – including payroll, government benefits, transit, remittance, travel cards, multi-purse, etc. First Data continues to enhance the VisionPLUS platform’s functionality with millions of dollars of annual investment, to ensure clients benefit from a best-of-breed platform. First Data can also offer innovative, flexible commercial terms partnering with our clients to share risk and assist with the success of prepaid programmes.
Trusted by over 3,500 financial institutions with a global footprint across nearly 70 countries, First Data is the perfect end-to-end prepaid partner for your business.
1 Global Industry Analysts, Inc. (2014). Prepaid Cards - Global Strategic Business Report 2013-2018