Card Management Programmes
Octrad Technologies Ltd offers a full end to end prepaid card solution for financial institutions and businesses. A unique multi-currency solution, suitable for travel, payroll, expenses, remittances, benefits payments and prepaid debit.
Prepaid Cards - A Major Growth Opportunity
The prepaid card market offers major revenue-generating opportunities to replace paper-based products such as gift vouchers, traveller’s cheques, and cheque/cash based payroll or state benefits payments. Octrad Technologies Ltd offer prepaid card solutions for a variety of existing and emerging markets including financial services, retail, the public sector and the unbanked (cards can be issued to individuals with no need for a bank account or credit checks).
Fully managed, end to end prepaid solutions
A low risk, cost effective solution for issuing prepaid cards covering
- Unique Multi-Currency cards
- Card design and manufacture
- Real time transaction processing
- Authorised and regulated by the FSA
- Full KYC (know your customer) / anti money laundering process
- BIN sponsorship for ZippCard Interchange
- Card issuing (batch management, activation, delivery and billing)
- Card to card, Account to Card, Card to Account transfers
- Call centre, IVR, Online Accounts
- Back and front office management tools.
- Full Marketing support
Prepaid Applications
Traveller Cards
The unique multi-currency aspect of the Prepaid cards make them ideal for travel. Safer and more convenient than cash or travellers cheques, because the cards can have more than one currency loaded onto them savings on currency exchange will be made when using abroad
Cards for the Unbanked
There are billions of people worldwide with no banking relationship and no access to basic payment instruments. Secure payment cards can be issued to anyone with no credit risk as a bank account is not required.
Benefits/Insurance Payments
Local Authorities and Insurance companies can be provided with the means to issue payments via a prepaid card. This reduces the need for Councils to disburse cash and has obvious advantages to customers with limited mobility , no bank accounts or in rural locations.
Payroll Cards
Employers can issue a prepaid card to non-banked or contract staff. Once employees have these cards, the employer can automatically transfer funds to the account and reduce their payroll systems. Cards can also be issued for internal payments, e.g. expenses, fuel, etc.
Remittance Cards
Funds can be sent to friends and relatives at home and abroad using a prepaid card. Once transferred funds can be drawn from ATM networks or used to buy goods and services.
Internet / Mail Order Cards
Prepaid cards provide a secure solution to 'cardholder not present' situations, delivering peace of mind to consumers when conducting mail order and internet payments.