Imagine you need to provide your employees with allowances for meals, fuel, uniforms, grocery allowances as well as travel passes. Gone are the days of providing this in cheques, cash, vouchers or coupons. Targeted at the discretionary payment needs of an institution, the Multi-Purpose card can be offered to your customer’s customer so that they can use it for:
- Cash withdrawals through ATMs across the country
- Purchases on POS devices across the country
- Low-value replacement of vouchers and allowance coupons
- Replacement for the handling of cash or cheques
- Restriction of allowances by amount
The benefits for the customer as well as for the institution are may fold:
- Security for the cash on the card through PIN based security
- Reduction of cash/cheque/voucher handling costs
- Reduction of theft and fraud
- Access to a larger network of ATMs and merchants
- Automation will ensure promptness not associated with employee vagaries
- Institution can monitor use of allowances for reporting purposes
- Branded with your institution logo and brand
Prizm Payments will provide an end-to-end service which means card issuance, plastic production, PIN management, training, data upload facilities etc. If you want to know how to reduce your expenses today by issuing your own branded pre-paid multi-purpose card, then drop us an email at prepaid@prizmpayments.com
