As the prepaid market continues to rise as one of the fastest growing payment segments, financial services companies are searching for a way to quickly and cost-effectively launch a prepaid program to meet customer demand and increase revenues. However, the options are often complicated, expensive to implement and challenging to support. As a result, many small to mediumsized financial institutions and credit unions are left out of the market.
What’s more, many smaller institutions lack the in-house infrastructure and support resources to easily market and maintain new card programs. Whether it’s the cost required to recruit customers, issue cards, process transactions, manage program administration or control risk, they can add up to high overhead and thin margins.
Now, eFunds’ Card in a Box program provides a way to enter the market quickly and easily, without costly up-front investments. eFunds’ Card in a Box solution combines card creation, packaging, transaction processing, database management, reporting and support to provide you with everything you need to establish and market your prepaid program. With Card in a Box, you get a turnkey program that helps you focus on your customers – not manage complex card issuing, processing and administration services.
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