Application Of Stored Value Card Technology 

Payroll Stored Value Card

More and more employers are moving away from the high cost of issuing payroll checks and moving toward the low cost of ACH direct deposit. The problem is that many employees do not have checking accounts for their direct deposit. This is where a payroll stored value card will work well for both the unbanked employee and for the employer. Reloadable payroll stored value cards act much like a bank debit card with online banking features. Find out more about Payroll Direct Deposit Cards.

Incentive, Rewards, and Gift Cards

Stored value cards are a great medium for businesses to issue rewards, incentives, rebates, and gift certificates. Cards used for this type of application are usually only loaded once with value and can be anonymous or have the card holder's name on it. More and more these types of cards are issued with a Visa or MasterCard logo. These cards can also be issued as a virtual prepaid debit card to be used at online retailers.  Retailers use stored value cards as a great way to promote their brand as well as a convenient way for shoppers to purchase gift cards. Retailers also use stored value cards as a reward or rebate for customers purchasing a product or service. Stored value cards can also be used by retailers as a loyalty card or even part of a refer-a-friend program. Incentive and rewards stored value cards are use by businesses to reward employees, dealers, channel partners, sales, and affiliates. Contact us for more information on business applications of stored value credit cards. See our partner site for the purchase of individual gift cards. 

Stored Value Credit Card

A stored value credit card can be used as a business expense card or a consumer shopping card. Also, stored value credit cards can be used by businesses as a reloadable incentive or loyalty card. These types of stored value cards are reloadable and carry the Visa or MasterCard logo. They act much like bank debit cards and are very similar to a payroll direct deposit card. Parents can use these cards as a Teen Allowance Debit Card. Individuals can use these cards as a secure, shopping card not tied to your bank. Also these cards require no credit check (just an identity check) which make them a great alternative to bank account. See our partner site for more information and resources on consumer prepaid debit cards. For retailers that have an on-going incentive program with their customers, sales channels, or employees, reloadable stored value credit card offers a great alternative to issuing checks or other means of compensation. Contact us for more information on business applications of stored value credit cards

Services and Transit Stored Value Card

The transportation and entertainment industries have many applications for stored value cards. Stored value cards are becoming very common for paying fares on buses, subways, and toll road payments. The entertainment and service industry are using stored value cards as expense cards at amusement parks, cruises, and entertainment events. Stored value cards initially got their start in the services industry with prepaid phone cards. Now you can get stored value cards for ringtones, movies, prepaid cell minutes and phones, internet cards, and many other services. Service-orient stored value cards are usually rechargeable and limited to purchasing a specific service. Contact us for more information on business applications of stored value credit cards

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