The prepaid market is the fastest growing payment card segment. According to predictions by Mercator Advisory Group, in the United States alone, the open-loop, branded prepaid market will experience an average annual market spend of US$28 billion, and the closed-loop, private label prepaid market US$171 billion between 2006 and 2009. This equates to 33 and 6 percent annual growth respectively. In addition, research by MasterCard estimates that spending on prepaid cards in Europe could reach €120 billion by 2010.

Around the globe, prepaid programs support a wide range of products and services, typically targeting specific market segments with focused services. The focused nature of prepaid means issuers require highly flexible, end-to-end solutions that can quickly adapt to new market requirements.

As companies prepare for the implementation of prepaid card programs, they must consider the full prepaid life cycle. ACI’s solution supports the full life cycle for open- and closed-loop product types, including the following:

* Program management (establishment of business rules, processes and pricing)
* Customer, card, and account creation and management
* Funding (value loading) procedures
* Flexible transaction acquiring and routing
* Authorization, clearing and settlement
* Activity reporting and statement generation
* Customer dispute management
* Loyalty and rewards program management
* Inactive accounts and breakage management
* Fraud detection and prevention

ACI's prepaid solution’s flexibility allows issuers to select only those components needed to support their particular requirements.

ACI Worldwide offers a flexible, end-to-end prepaid solution based on more than 30 years of global experience in both consumer and corporate electronic payments. With ACI’s software and services, issuers have a viable alternative that offers flexibility and the ability to offer unique services and programs based on market needs. Contact us today to learn more about ACI's solutions for prepaid card programs.

Product Information

Prepaid Card Program Solutions from ACI

ACI Prepaid Solutions Flyer