Prepaid Cards - allpay Limited

Prepaid Cards

Modernise your payment methods and processes with a NEW cost-effective payment solution.

The Prepaid MasterCard® card from allpay enables organisations to have more control over the distribution of their funds, moving away from costly cash, cheques & vouchers.

How will Prepaid Cards benefit your organisation?

• Supports financial inclusion initiatives
• Saves money - reduces processing costs & streamlines operations
• Improved control - enhanced payment reports, reconciliation & audit trails
• Improved security - reduces the possibility of fraud including lost and stolen payments
• Payments delivered in a more timely manner with improved traceability
• Fully tailored around your needs - fits the specific requirements of your organisation
• Card can carry your own organisational branding
• No major IT system developments required

How will a Prepaid Card benefit your cardholder?

• Available to all, regardless of financial circumstance*
• Avoids the cost of payment conversion
• Provides the freedom to shop anywhere – use like a credit/debit card wherever you see MasterCard Acceptance Mark**
• Controls spending - only spend what is loaded on the card
• Real-time balance information online or by phone
• Much safer than carrying cash –protection from fraudulent use and card loss with a PIN
• Additional cardholders can be added
• Enhanced customer service - customised cardholder website and payment or balance notifications via text messaging

What could a Prepaid Card be used for?

• Social care benefits
• Insurance claims
• Expenses & petty cash
• Decorating allowance
• Pension payments
• Unemployment benefits
• Disability benefits
• Tax credits
• Child benefits
• Payroll
• Housing benefits

At Gentoo, we are committed to tackling financial exclusion through a range of successful initiatives. Opening up access to online services and other ways for our customers to save money is really important to us. All-pay’s pre-payment cards will allow our customers, who don’t have the luxury of bank accounts, to receive payments without having to take cheques to places that charge high rates for cashing them.

We decided to pilot the scheme following consultation with our Income Management Customer Focus Group and because of its complementary fit with our overall financial inclusion agenda. It really is a step forward, utilising modern technology to enable the move away from having to carry money and paying small amounts of petty cash to large groups of people, whilst also streamlining and improving the services we offer to our customers.

If this pilot is successful, in the future this product could also be an ideal replacement for cash and cheque transactions across Gentoo, saving us both time and money. There may be options for it to be used in various guises across the Group from making payments to customers and staff when attending conferences and events.

Whilst we are only in the early stages of the pilot, feedback from both staff and customers has been very positive.

Andrew Taylor, Deputy Chief Executive, Gentoo

*Subject to ID verification **The Prepaid MasterCard card is not covered by s.75 of the Credit Consumer Act 1974.

This card is issued by Prepay Technologies Ltd pursuant to license by MasterCard International Incorporated. This card is an electronic money product.
PrePay Technologies Ltd is authorised and regulated by the Financial Services Authority for the issuance of electronic money.
MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated. allpay is a registered agent of PrePay Technologies.
Current Terms and Conditions are available on www.allpay.net/allpaycard