Features and Benefits

Retailer stored-value cards (2 major types): single use, disposable

Disposable, fixed denomination or fixed value (''admit one''). These cards are typically used for gift cards, promotions, thank you and customer care applications and particularly where there is little interest in or it is inappropriate to develop a ''relationship with the customer''

Re-loadable cards (optionally with a loyalty application built in) can be personalised, issued with no value or with value pre-loaded and the cardholder can then add value to the card in a variety of ways (retailer POS, third party cash collection network, over the internet, via IVR or standing order)

Both card types can be ''closed loop'' (only redeemable in the retailer that sold the card) or ''open loop'' (where the value on the card can be redeemed at the stores of all participating retailers). A scheme branded solution (Visa or MasterCard) is an open loop solution

Product Features 

• PrePay Technologies' data centre supports disposable and re-loadable cards in either a closed loop or open loop environment 
• Fixed or variable denominations of any currency (real or created) 
• Card issuing software tools (batch management, activation, delivery and billing) 
• Real-time authorisation of each transaction 
• Card to card transfers supported 
• Support for POS, call centre, IVR, Internet and kiosks 
• Card life and card value can be controlled at individual card or overall scheme level 
• Cash collection network of 35,000 top-up terminals in the UK 
• Multi-language support 
• Multi currency 
• Full customisation of all interfaces (web, IVR, etc...) and back office administration tools 
• Comprehensive reporting suite and management reporting tools (user access controls and audit reporting) 
• Application is loyalty ready

Product Benefits 

• Increased sales 
• Enhanced security and reduced costs (shrinkage, fraud, administration, production and management) 
• Improved customer loyalty 
• Significant marketing, advertising and co-promotion potential 
• Differentiation from competitors 
• Brand building (retailer, service or product specific) 
• Improves operational efficiency and speed at POS.

If you would like to find out more about our comprehensive range of products, please call us at +44 (0) 2070 344 344