General Purpose Reloadable Cards
DebitPass
DebitPass is a prepaid card program designed specifically for customers of your financial institution who have a general need for a reloadable debit card. Many consumers use prepaid cards for things like travel, online purchases, payroll funds and money transfers - often getting cards for dependent family members, like students or spouses. In addition to general uses, a DebitPass program can be the perfect complement to your current portfolio of products. DebitPass can be used as an alternative for customers that may not qualify for a traditional bank account or for financial institutions that currently do not offer a debit program at all.
DebitPass offers a MasterCard® or Visa® prepaid card that allows cardholders the flexibility of funding their cards through direct deposit, account transfers or through cash deposits at your financial institution.
Cardholders are able to use the card wherever Visa or MasterCard debit cards are accepted. Managing the account is convenient for cardholders as they are able to access their account information online or by phone, and have the ability to check their balances, print or view statements and view a full transaction history.
Cardholder Benefits:
- Purchases can be made anywhere Visa or MasterCard debit cards are accepted, including online purchases or paying bills
- Cash access is available at ATMs worldwide, by getting cash back at retailers or at any Visa or MasterCard-member bank or credit union
- Multiple funding sources like other employers, government agencies, or tax refunds are accepted
- Cards can be loaded at a branch for an upcoming trip. No need for travelers checks
- Internet shoppers can use their DebitPass card online - eliminating the need to put checking account funds at risk
- Parents can get a card for themselves and their college student and transfer funds - real time. Monthly amounts can be loaded to the card as a family spending/budgeting tool
- A DebitPass card can turn a "checking account turndown" into a new customer
- DebitPass can be replaced if lost or stolen and value restored
- Funds are FDIC insured
- Real-time adjustment processing and settlement help you get your money sooner and with greater accuracy
- Network connectivity and authorization processing options give your cardholders immediate access to their cash at virtually any POS terminal
- Comprehensive and integrated real time fraud products
- A layered security approach covers card issuance and activity
- A neural network provides complete protection from card authentication checks to transaction monitoring
- Simple, affordable, turnkey marketing and reward program solutions help maximize your debit card program’s potential
- Reward programs can help you increase card usage and build cardholder loyalty
- 2009 quarterly promotions increased signature transaction volume nearly 90% for all participating institutions