This model creates an implementation process that is easily repeatable and can be completed quickly.
The major steps in the implementation process are delineated below:
1. POS and BANK enter into a contractual relationship to issue a local prepaid card
2. Project planning session and project plan drafted.
3. POS and BANK apply to the appropriate for approval of a new BIN and card
design.
4. The plastics are manufactured.
5. Card parameters are loaded and activated at Visa or MasterCard.
6. The cards are distributed to customers
7. POS handles all card management and authorization of ATM, POS and online
transactions
8. POS and its local partners will promote the card program
Customer Support
POS will install local customer service line to address any cardholder or merchant
queries in relation to the Electronic Card. Your customer service staff should be equipped
with handling merchant or acceptance issues relating to the specific card product.
Opportunity Summary
POS allows you to capitalize on the growth of the global prepaid market. Our solution
can be implemented quickly and with minimal cost allowing you to enter the market now.
An ISO/MSP for MetaBank, 4900 S. Western Avenue, Sioux Falls, SD 57108; JP Morgan Chase & Co., 270 Park Avenue, NY, NY;
Key Bank National Association, Cleveland, OH Member FDIC