The Prepaid cards, either as closed-loop or open-loop, are finding their niche and acceptance as a mode of payment in the retail payment space. Prepaid has its own set of requirements over and above the regular card issuance in that it addresses different set of use case scenarios such as a Travel, Events and Entertainment Card for Corporates, Payroll Card, Campus Card, Health, Transit, Sports, Telecom, Insurance and Public Conveyance Payments either as contact or contactless. The same next generation solutions are making it easier for the partner to leverage and address their customers’ needs and to make it more comfortable by using safe, secured smart phones to get the cards on the mobile, wearables and leverage the services either by physical contact, contactless cards, and Digital Wallet.
Our team has in-depth understanding and on-field experience in business scoping, conceptualizing, architecture, developing, automating, maintaining and supporting various facets of a Prepaid Platform. We help our customers in developing the customized core platform, deploy and implement for their partners along with integration to third parties and serve their end customers to leverage their facilities by adopting new market offers - loyalty points and gifts cards.
KYC Distribution Cashflow Inventory Funding Programs Fee Creation & Maintenance Fund Transfer Portals Settlement & Reconciliation A/C Mgmt Transit Banking Healthcare Loyalty Card Manufacturer Billing & Utilities Acquiring HCE Schemes Retail Switch Wallet
Girmiti Software team has experience in the Digital Prepaid for closed and open loop environments with in-depth understanding of implementing features such as -
Customer KYC and Account Management
Agent and Distribution Management
Card Creation, Maintenance, Welcome Kits
Card Inventory Management – including at the Agents/Resellers/Merchant locations
Card Account Funding at retail merchant locations and online from banking accounts
Programs, Fee, Cashflow Management
Support for VISA, MasterCard and Discover
Multi Language support
MCC based transaction processing
Online Authorizations, Settlement and Reconciliation
Portals for Merchants, Administrators, Agents & Resellers
Digital Enablement for Smartphones and Wearables
Interfaces with Wallet
Interfaces with Switch
Interfaces with Card manufacture
Interfaces with Payment Network to support all payment schemes
Interfaces with Billing systems & Utilities
Interfaces with Retail, Transit, banking & healthcare to support payment
Interfaces with Loyalty
Interfaces with Acquiring
Interfaces with HCE
We also have relevant experience to help our customers and partners to have the Digital Prepaid Issuance Platform certified by Card Payment Schemes/PNOs, processors with respect to their business segments.
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