Prepaid

A prepaid card is a pre-funded card which does not offer a credit or overdraft facility and is not linked to a standard bank account. Money allocated to the card can be used anywhere that accepts cards, or withdrawn as cash from an ATM. Prepaid cards are an excellent way to achieve financial and efficiency savings for organisations while at the same time delivering higher quality services to customers and citizens.


Ticon can help clients update out of date and work-intensive paper processes by implementing a prepaid card programme. Prepaid cards can cut down on payment processing costs (these saving can be as significant as over 60% against the cost of cash payments, shown in a recent Ticon implementation), and help organisations to reach their internal targets, cut costs and free up staff time for more customer-facing activities and less time and paper-consuming administrative ones.


Some of the benefits of using prepaid cards include:

• More effective and efficient delivery of funds to individuals
• More thorough reporting and increased transparency
• Enhanced recipient control - achieved by tying individual budgets to individual cards and offering wider opportunities for use
• Fraud reduction due to better controls
• Creating cashable and non-cashable savings for the issuing organisation

Most organisations require outside assistance to make sure that their prepaid programme gets off on the right foot and takes advantage of all that prepaid has to offer, Ticon are the experts that can make this happen. Ticon help clients to select the right prepaid programme and answer the questions that almost any decision maker will have. Ticon’s experts are happy to guide clients through this process, share best practice approaches to delivery, and produce a system that will deliver maximum savings and operational efficiency to your organisation.

Prepaid case study

Click on the link to see how our knowledge of prepaid built a business case for the introduction of a prepaid payments programme for our client's organisation, ensuring they had all the information to decide how to proceed.
Savings through Innovative Payments Programme (Download pdf)

To find out more, get in touch

If you would like to know more about prepaid services, please complete the form below.

Send