Prepaid card issuers can now issue open-loop virtual co-branded merchant wallets paired with services such as instant lending at the point of purchase. In a commoditised prepaid market segment, Open APIs and banking create possibilities for issuers to realise additional value. FSS Prepaid CMS, through its open API framework, enables prepaid card issuers to orchestrate customer-facing merchant ecosystems to expand the scope of services and capture new revenue streams.
For example, create an exclusive merchant cashback or loyalty wallet soon after the customer completes the purchase. Likewise, a food delivery company can issue a commission wallet for home delivery associates or a meal allowance wallet in partnership with select restaurants.
Currently, Prepaid CMS has been deployed by large prepaid processors globally and supports 150 million cards, according to the official press release.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright