slide1 n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Government Prepaid Card PowerPoint Presentation
Download Presentation
Government Prepaid Card

Loading in 2 Seconds...

play fullscreen
1 / 10

Government Prepaid Card - PowerPoint PPT Presentation


  • 186 Views
  • Uploaded on

Government Prepaid Card. Presented by: Bank of America. Why choose the Government Prepaid Card?. Reduces expenses associated with disbursement activities Effective tool to achieve charge card delinquency goals Offers a tool to improve management oversight of programs and processes

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Government Prepaid Card' - brenna-gilbert


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
slide1

Government Prepaid Card

Presented by:

Bank of America

why choose the government prepaid card
Why choose the Government Prepaid Card?
  • Reduces expenses associated with disbursement activities
  • Effective tool to achieve charge card delinquency goals
  • Offers a tool to improve management oversight of programs and processes
  • Population of non-charge card travelers increasing
  • Offers an immediate, reliable funding source
  • Offers immediate load and unload functionality
  • Leverages commercial charge card controls
  • Authorization controls available
  • 24 hour on-line WEB and live customer service
product offering and servicing capability
Product Offering and Servicing Capability
  • The prepaid product is a non-chip, magnetic stripe card without the extension of traditional credit.
  • Provides ability to issue Visa or MasterCard branded cards and pre-fund the card account for the purchase of goods and/or services.
  • Value decreases as spending occurs.
  • Product allows for additional dollar value to be placed on, or removed from the card.

Annual Servicing

  • Monthly online Statement
  • 24 / 7 Customer Service
  • Cardholder Web Access
  • Program Manager Web Access
  • Electronic Reporting
  • Fraud & Lost Card Protection
  • New account set up
    • Plastic/Plastic Printing
    • Card Mailers
    • PIN / PIN mailers
  • Disputes processing
government prepaid card funding
Government Prepaid Card Funding
  • Funding Options include:
    • ACH Debit (On-Us)
    • ACH Debit (Not-on Us)
    • ACH Credit
    • Charge Card (Bank of America CBA)
control features
Control Features
  • Reporting (transaction history, card balances, audit report, value load and unload, residual balance)
  • MCC Controls
  • Merchant authorization spending controls
  • Merchant blocking controls
  • Online transaction history
  • Card Cancellation Functionality
  • Ability to view all cardholder balances within a hierarchy point
acceptance
Acceptance
  • Visa or MasterCard Card:
    • Accepted Everywhere Visa or MasterCard is accepted
    • Credit Card Bank Identification Number (BIN)
    • Includes acceptance at rental car agencies
    • Can be used in any ATM with applicable network access
ease of maintenance
Ease of Maintenance
  • Clearing Negative Balances
    • Why negative balance?
      • Paper Transactions
      • Forced Authorizations
      • Timing Issues
    • Options for Cardholders to Clear Negative Balances
      • Personal Charge Card
      • Personal Debit Card
      • Personal Check
      • Agency Value Loads More Funds
issuance options
Issuance Options
  • Cardholder name embossed on the card
    • Cardholder would receive the card much as he/she would receive any other kind of payment card (7-10 business days from enrollment)
    • Expedited cards available for a $20 fee
  • Generic Cards
    • Card can be embossed with generic names
    • Single cards can be used by multiple cardholders
personal prepaid overview phase 2
Personal Prepaid – Overview(Phase 2)
  • Debit Card Bank Identification Number (BIN)
  • Provides ability to issue Visa or MasterCard branded cards
  • Can be used in any ATM with applicable network access
  • Offers an immediate, reliable funding source
  • Authorization controls available
  • 24 hour on-line WEB and live customer support
  • Cardholder names can be embossed on the card
  • Instant issue cards without names embossed
  • Flexible funding options: CBA or DDA
  • Supports Hierarchy level reporting