A large organisation that focuses on managing local government payments wanted to assess the feasibility of providing prepaid cards as a real alternative to cheques and direct bank transfers to their clients beneficiaries.
Local government authorities distribute millions of funds to thousands of individuals every year.
Our client wanted to know;
- What are the benefits of a prepaid card compared to other methods of paying benefits?
- How can a prepaid card be loaded from across a range of client accounts departments?
- Can the beneficiary only receive funds or can they load the card with their own funds?
- How does the cost compare of paying onto a prepaid card versus cheque payments?
- Can the cards be sent to the local authority or directly to the beneficiary address?
- Can the card be loaded by each of the different benefit payment authorities?
- Can ATM cash withdraws be enabled?
- Is full management information available at a cardholder level?
- What is the minimum order of cards and what are the costs?
Prepaid cards will be the leading initiative for individual budgets throughout 2009 and 2010.
Find out more by contacting us on mail@prepaidconsulting.co.uk or call one of us on +44 (0) 7525 067 297.
