Prepaid Cards

Prepaid Gift Card (PGC)

What is a Prepaid Gift Card. A prepaid gift card is a payment card that is loaded with a fixed amount of money and given to someone as a gift. Unlike traditional bank cards, a PGC is not directly linked to a personal bank account.

Provider of Prepaid Access (PPA)

What is a Provider of Prepaid Access (PPA). A provider of prepaid access (PPA) is a business that offers or manages prepaid financial products that allow users to load funds in advance and spend them later.

General Purpose Reloadable (GPR) Card

What is a General Purpose Reloadable (GPR) Card. A general purpose reloadable (GPR) card is a type of prepaid card that allows users to load money onto it and spend those funds much like a debit card.

Closed-Loop (CP)

What is Closed-Loop. Closed-loop refers to a payment system where cards, digital credits, or other payment methods are restricted to transactions within a specific retailer, service provider, or network.