CoreCard Creates New Prepaid Card Sales System
CoreCard has developed a number of new features that will help community banks and credit unions offer better prepaid solutions for their customers.
CoreCard, a leader in credit card management systems and processing services, offers the following benefits on their updated software:
- Multiple card sales and receipts. Now, if a customer purchases multiple prepaid cards, the teller will not need to “re-enter” their details. Instead, the new interface allows the teller to easily sell multiple cards to a single person.
- A new reseller hierarchy will make it easier to set permissions for various users and system administrators in the bank.
- The floating teller/user support system allows users at multiple branches to sell prepaid cards while maintaining transaction security.
“We developed our platform to support many industries and their unique business operations. For our processing customers, it is essential to continue to offer new features with easy to use interfaces,” said Leland Strange, CEO of CoreCard. “Our platform is highly configurable with thousands of parameters used to setup unique prepaid or credit programs, without incurring customization or dedicated hosting costs. These parameters combined with our wealth of APIs, continue to make us a unique partner and allow us to assist providers or “disruptors” in a growing market.”
According to Mercator Advisory Group, the prepaid market is on the rise. In 2012, 12 million Americans used prepaid cards at least once a month and loaded $65 billion to their accounts. In 2014, those numbers had risen to 23 million users loading $76.7 billion. Mercator believes consumers will load $343 billion by 2018.