Prepaid Card Issuance
Peninlog payment solutions support processing prepaid cards. The usage of prepaid cards will not be limited to foreign currencies it can be used even in the corporate for the purpose of issuing Payroll cards, Retailers can issue Gift cards, Remittance Card, etc.
Prepaid system manages card issuance, branch operations and settlement, processing both magnetic stripe based cards and contactless. Card issuance process made simpler so that remote branches can order the cards through the web tool and same will be dispatched. Product will have the flexibility of dynamic change in business rules/parameters. Product will supports processing transactions from global interchanges like VISA, MASTER.
- Supports various product categories like Travel, Remittance, Payroll, Perk, Gift, Food, etc.
- Facilitate customers doing Top-up / Refund.
- Supports personalization of both Track based & contactless related cards and have ability to process such card transactions.
- More parameterized.
- Supports security compliance like PCI.
- AMCC (Authorization Multi Currency Conversion) feature supported.
- Card related activities like Personalization, renewal, re-issue, activation, close, etc. controlled through web.
- Monitoring customer account closely and apply RISK solution to reduce fraud losses.
- Automated clearing and settlement process.
- Security features like DES, MAC, and EMV are supported.
- Helps issuing cards faster and process the transaction efficiently.
- More Secure.
- Residual fund parked in separate account.
- Customer retention.