3/9/10 | 9:00 PM

Banks and credit unions have seen the explosive growth of the prepaid bankcard market over the last several years. Many have been hesitant to establish a team of experts inhouse and develop the necessary processes and infrastructure to manage their own prepaid programs.

This is where Swift Prepaid Solutions can help. Because of our extensive experience in the marketplace over the last decade, we can get banks and credit unions established in the prepaid marketplace with a proven turnkey solution. Our Agent Bank program allows banks and credit unions to do what they do best and to minimize the upfront time, resources and risks in establishing prepaid programs from scratch.

Swift Prepaid Solutions’s Agent Bank Program enables you to start issuing prepaid programs for your institution’s internal programs or programs on behalf of your commercial banking customers in a very short period of time. No need to develop processor relationships, no need to apply for separate association BINS.

Cards programs supported for Agent Bank Programs:

Travelers Card – An alternative to Travelers checks
Gift cards
Teen spend cards
New account or existing customer loyalty incentives
Corporate payroll
Corporate incentive

Swift Prepaid Solutions offers a simple, turn key solution with minimal start up time and costs. Program implementation includes:

Proprietary Inventory Management System
BIN Sponsorship
Association approvals
Program set-up
Processing Platforms
VRU and web-based balance checking from your website
Customer service set-up
Card and Card Carrier production

With OMSI, our internet-based inventory program, managing your inventory branch by branch is only a matter of point and click. Inventory levels can be maintained by location with reordering done centrally or at the branch level.

Call Swift Prepaid Solutions today for an evaluation of your institutions’ needs at 888-457-0600.

Card programs issued by The
PrivateBank and Trust Company pursuant to licences from Visa USA, Inc. and MasterCard International. Discover programs issued by Swift Prepaid Solutions, Inc..pursuant to a license from Discover Financial Services LLC.