What's a Prepaid Card?

In essence a prepaid card is a debit card without an associated bank account.

A cardholder can use it in exactly the same way as a debit card, to purchase products and services both online and on the high street. A card that carries the MasterCard® brand can be used to withdraw cash at an ATM at over a million places worldwide, make a website transaction, or make a point-of-sale purchase at 29 million locations around the world.

Prepaid cards make purchasing more convenient than cash or checks whilst being protected by high standards of security (cards are chip and PIN based). For businesses the cards provide fast cash disbursement, reduced fraud and risk, and a streamlined settlement process.

Companies also have a great deal of control over the prepaid cards they use, as unlike credit cards, the cardholder can spend only what has been loaded onto the card and the funds on the card can be reallocated instantly. The flexibility of prepaid cards is what makes them such an exciting product for businesses worldwide.

Funding your Card

Intercash cards can be loaded via the PrepaidGate- our user-friendly online banking site, via batch file or via real time web services.  As soon as funds are loaded onto an Intercash card, we ensure the card is allocated the required spending facility.

Cardholders can check their card balance online at www.cardportal.com, or use our SMS balance inquiry service. Funds can be instantly withdrawn at any ATM, making purchases on the high street, or as a secure web transaction, anywhere worldwide where MasterCard® is accepted.

PrepaidGate Software

The PrepaidGate™ is our core management system designed to offer a high level of functionality and accommodate high volumes of transactions, for merchants and cardholders. Everything from a central batch system for payroll or commission payments, through to cardholder self management can be tailored to the merchant’s requirements. The PrepaidGate is built and can be customized to accommodate every business and administrative structure.

The PrepaidGate allows Intercash merchants to issue and load prepaid MasterCard cards, and offers a wide range of tools and reports for cardholder management and account reconciliation.  

Intercash's PrepaidGate™ software relies on SQL Server 2005 and Windows Server 2008.

Intercash licenses its PrepaidGate™ software and technology to Payment Processors, BIN Sponsors and financial institutions looking to expand into the Prepaid Card industry.

Learn more about licensing our banking software.

Card Benefits

With such a flexible payment product the benefits are numerous. Whatever sector of business you operate in you will be able to take advantage of prepaid card solutions.

Improve cash management
The Intercash prepaid card program will remove potential money transfer problems by facilitating instant international payroll, commission payouts and various payment solutions. Intercash prepaid cards enable access to funds at 29 million worldwide locations to withdraw cash at ATMs, shop on the high street, and make online purchases and reservations.

Attract new customers and increase loyalty
Prepaid cards are a great way to reach new customers because they enable instant global payments. Merchants benefit from increased customer and member loyalty by providing more secure and more convenient access to cash, helping to strengthen new and existing relationships.

Establish new revenue opportunities
With unrivalled point of sale and ATM acceptance around the world, prepaid cards can meet your customers' needs while improving your financial return. Merchant and Cardholder fees are minimal and competitive, and are guaranteed to help organizations make payments more time and cost effectively.

Security and a brand you can trust
Intercash implements the most advanced authentication and verification technology that is chip and PIN based in order to ensure security and prevent fraud. In addition to the secure tools Intercash offers, The MasterCard® family brings with it a host of globally recognized products offering compatibility, brand visibility and security.

More Features

Intercash has revolutionized the way prepaid cards are used today, by adding key features to enhance merchant opportunities and card usage.