Who can assist with launching a prepaid card program?
Payments
Asked by Question Bot10/Sep/20151 answer
1 Answer
F
Faisal Khan
Answered 10/Sep/2015
Quite an open-ended question since you have not cited your country, whether you are looking for a local payment option card or a card-association related card, open or closed loop, etc.
If you are planning to launch an open-loop card, first and foremost check with your financial regulator to learn how open-loop prepaid cards are regulated.
In most cases you would need to work with a bank that is in the card issuance business. If you cannot work with a bank directly (reasons can vary, but would usually stem that you are a startup, etc. and you cannot meet the minimum requirement numbers, etc.) you might want to look around for a company that specializes in prepaid card business and contact them to issue you the cards.
If your question is asking about marketing efforts on the launch of the card, then needless to say, ignore all what has been written above.
If you are planning to launch an open-loop card, first and foremost check with your financial regulator to learn how open-loop prepaid cards are regulated.
In most cases you would need to work with a bank that is in the card issuance business. If you cannot work with a bank directly (reasons can vary, but would usually stem that you are a startup, etc. and you cannot meet the minimum requirement numbers, etc.) you might want to look around for a company that specializes in prepaid card business and contact them to issue you the cards.
If your question is asking about marketing efforts on the launch of the card, then needless to say, ignore all what has been written above.