Since 2009, allpay has pioneered the use of prepaid cards across the private and public sectors, delivering disbursement solutions to local authorities, housing associations, charities and banks.
In addition to working with more than 40 local authorities – including several London boroughs and Birmingham City Council – allpay is a trusted partner to banks and charities, including Lloyds and the Big Lottery Fund.
Reducing the cost and administration of paying out funds, allpay's prepaid solution streamlines accounting efficiency and offers end users bank account lite features, including direct debits and standing orders.
An approved issuer of both MasterCard and Visa cards, allpay manufactures and personalises all cards in-house at its accredited bureau which produces circa 20 million secure debit, credit and prepaid cards per annum.
Last year allpay issued more than 30,000 prepaid cards, with an annual load of £10m.
In 2013 allpay’s Instant Issue prepaid solution helped Southend on Sea Borough Council to an Institute of Revenues, Ratings and Valuations Gold Award.
The scheme, called the Essential Living Fund (ELF), involves a number of partners and is operated as a grants-based system open for anyone to claim. As part of its scheme, it’s awarding allpay’s prepaid cards to claimants for either clothing/footwear or gas and electric emergency top-ups.
In 2014, allpay’s prepaid collaboration with Bracknell Forest Council was shortlisted for 'Innovation of the Year' at the Payments Awards. The prepaid card aids the Council in dispersing adult social care payments, whilst also functioning as a citizen card for applications such as gym membership, the library and bus travel.
What our clients say:
The prepaid card system is also much simpler for the social care office to manage, so it improves back office efficiency and lowers costs. It also allows the council to provide a Visa card and online facility to the unbanked. allpay’s experience within prepaid cards, card manufacturing and local government has allowed us to launch a unique solution that we feel adds value to all parties.
It has been extremely positive for us to provide residents with instant access to the funds awarded, without the need for cash.
Using the allpay card has simplified the process for dealing with large quantities of receipts and invoices for low value goods. It cuts down significantly on the time and cost of processing individual invoices and reduces the problems associated with staff having to deal with cash payments.