Modular Prepaid Card Services

Transact Network works closely with every client on the development and implementation of their prepaid card program.
 
The process starts with understanding the goals, objectives and limitations of the project scope, and then combining those with regulatory considerations and MasterCard and/or Visa requirements to agree a formal project plan.
 

Program Development Process

 
The project plan then specifies which elements will be delivered by Transact Network and which will be managed by the client, from:
  • BIN Sponsorship
    • Clearing
    • Issuing
    • Settlement
    • Reconciliation
    • Anti-Money Laundering (AML) Anti-Terrorist Funding (AFT) Program
    • Management Assistance with Network Rules and Regulations
    • Regulatory and Scheme Program Compliance
    • Program Administration
    • Due Diligence on Third Parties
    • Processor Set-up and System Maintenance
    • Processor/Network Relationship Management
    • Quality Assurance
through regulatory required modules including:
  • MasterCard / Visa Certified Processing
  • Card Manufacturing and Fulfilment
  • Cardholder Compliance
  • Risk Managment and Fraud Monitoring
  • Multi-lingual Cardholder Support (Voice / Online / Email / Chat)
  • MasterCard / Visa Required Reporting
  • Dispute Resolution
  • Automated and Manuel Chargeback Processing
to Transact Network's proprietary value added modules such as:
  • Localised Country Specific Loading
  • Corporate Loading
  • Cardholder Banking (Online & Mobile)
  • Financial Reporting
 
 
Transact Network's modular service offering enables us to develop completely bespoke solutions to your specific prepaid card program requirements, and to implement those solutions quickly and cost-effectively.