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As the boundaries between different global regions
become blurred, international corporations are
discovering that closed user cards (payout cards)
solve significant problems associated with paying
widely dispersed employees/members, as is common in
industries that range from fast food and convenience
stores to auto repair chain stores. The corporation
eliminates the significant ongoing costs associated
with creating and distributing cheques,
sending costly wire transfers or the high risk of
operating in cash payouts. With the card employees/members
can withdraw the cash over the counter from banks,
ATMs or keep the money stored on the card and use
for purchases globally both online and offline.
While
payout cards have traditionally been identified as
a product for the unbanked, the benefits described
above have greatly expanded the global market
opportunity for payout cards. Payout cards
operate in a complex environment and can be deployed
for hundreds of different configurations involving
physical cards, virtual accounts and instant
issuance schemes.
As a designer of prepaid debit card programs across
a number of vertical sectors, CCS Prepay mainly
focuses on the following as key areas of focus and
expertise.
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Industry Example:
Jackson Hewitt
Jackson Hewitt Tax Service Inc. is the US fastest
growing and second largest tax preparation service company,
with over 4,500 Jackson Hewitt Tax Service locations in
storefront, mall and retail locations in 49 states and the
District of Columbia, as well as alliances with several of
the largest retailers in the country.
The Jackson Hewitt Ipower Cashcard
is provided for the disbursement of tax rebates and net
proceeds from small loans provided for anticipated tax
refunds. The disbursement of funds onto the card
provides a more cost effectives disbursement method than by
cheque.
Press Release:
The Jackson Hewitt Prepaid
MasterCard |
If you are interested in the
development of a particular card application
then please contact us at
sales@ccsprepay.com
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