FIS® Prepaid Solutions, emphasizing the flexibility of its prepaid card programs designed to cater to diverse business needs. It details three prepaid program models: White Label Partnerships, Direct Processing, and Program Management, indicating that these programs are tailored to unique requirements. The document also outlines the structure of prepaid programs, distinguishing between closed-loop and open-loop cards, illustrating their specific use cases. Furthermore, it highlights the various applications of prepaid solutions across different industries, showcasing the ability of FIS to support both general-purpose reloadable and single-load card options.
- Types of Prepaid Programs: There are closed-loop prepaid programs, which can only be used at specific locations, and open-loop prepaid programs, which are bank-issued and accepted worldwide through networks like Visa and MasterCard.
- Core Competencies: The solutions are solutions-based, incorporating both open and closed loop systems with options for multi-purse, restricted access networks, card recharacterization, and are currency agnostic.
- Flexibility of Direct Processing: Direct Processing offers organizations control over the full product lifecycle, allowing the selection of networks, issuing banks, and vendors to create diverse program types.
- Integration Methods: Various integration methods are available, including APIs for customization, FIS-hosted tools for rapid program launch, and batch processing for bulk actions.
- Cardholder Fee Management: Organizations can manage cardholder fees with flexibility, including real-time adjustments and ad-hoc changes.
