Prepaid debit cards are increasingly popular as an alternative to traditional banking services. They are more convenient, cost effective and efficient than traditional checking accounts. Prepaid card programs are ideal for businesses that want to provide innovative payment and financial solutions to customers and employees. Cardplatforms creates customized solutions for all stored value card programs.
Prepaid debit cards are pre-funded and/or reloadable cards that. There are numerous advantages to using prepaid cards, such as no overdraft or interest fees, free direct deposit, no credit checks and near universal approval.
Prepaid debit card programs are designed to meet a broad range of needs and come in many different forms. The primary distinction is whether the card is consumer funded or corporate funded. Today, cards can be physical or virtual.