Prepaid Program Management with CoreMONEY

CUSTOM CLIENT PORTALS WITHOUT THE CUSTOM PRICE

CoreMONEY, designed to be deployed with the CoreISSUE for Prepaid processing system, supports prepaid processors looking for an easy and secure way to open CoreISSUE for Prepaid functionality to their clients, without giving their clients direct access into the CoreISSUE for Prepaid processing system. CoreMONEY is a standalone solution that is a true “plug and play” application. Processors can easily display or hide various fields in CoreMONEY based on different client requirements, without additional development efforts.

Processors can fully customize an administrative portal for each client displaying the client’s logos, pictures, and messages. Client input fields can be configured based on their unique needs; i.e., one client’s identification field may be “Client ID” while another client’s identification field may be “Contract Number”. User-defined fields enable a processor to define and track  any additional information that the processor or their clients may need.

DELEGATE ROUTINE ADMINISTRATIVE TASKS TO CLIENTS

Processors using CoreMONEY are able to delegate many time-consuming day to day administrative activities to their clients. Using built in controls, processors can limit each clients activity to just the tasks the processor is comfortable delegating. System alerts, audit controls, and reports keep the processor informed of any activity that might indicate an inappropriate transaction.

With CoreMONEY, a processor’s clients can:

• Easily set-up and issue a variety of prepaid cards

• Establish and run payroll and benefit debit card programs

• Upload required supporting documents and attach them to the card or cardholder record

• Keep notes on existing cards and cardholders

• View recent card transaction history

• Request replacement cards

• Track card shipment status

CoreMONEY speeds the creation of new card requests and updates for existing cards via a bulk upload feature. Information can be imported into CoreMONEY and passed to the CoreISSUE for Prepaid processing platform via .XLS and .CSV files.

(Example of data flow between users of CoreMONEY and CoreISSUE for Prepaid)

SIMPLIFY SUPPORT OF PROFESSIONAL EMPLOYER ORGANIZATIONS

CoreMONEY is an ideal tool for processors serving Professional Employer Organizations (PEO) that manage employer payroll and benefit programs and issue payroll debit and benefit cards. CoreMONEY simplifies the exchange of information between the processor and the PEO, reducing the workload for both organizations. Through CoreMONEY, processors can provide PEO clients with:

• Instant issue PIN debit payroll cards

• Network branded payroll debit cards

• “Pay to the penny” checks

• Benefit debit cards

OPEN NEW MARKETS SERVING UNBANKED AND UNDERBANKED CONSUMERS

CoreMONEY helps processors support innovative prepaid programs offered by organizations that serve unbanked and underbanked consumers. CoreMONEY makes it easier for these clients to establish payroll deposit programs, allowing the consumer to obtain a prepaid debit card that can be used for direct deposit of their payroll disbursements.  

(Example above shows a processor supporting multiple clients through CoreMONEY)

BUILT IN SECURITY PROTOCOLS PROVIDE PEACE OF MIND

CoreMONEY comes with advanced security protocols. In addition to standard user ID and password protocols, each user ID is restricted to a specific IP address or range of IP addresses.

If suspicious or unauthorized activity, of any kind, is detected, either individual or all client portals can be immediately “shut down” and locked out of the CoreMONEY protecting data in CoreISSUE for Prepaid processing system.

Clients may be required to perform  quarterly system, card and user audits; failure to perform scheduled audits will trigger an alert to the processor for review and  possible “shut down” of the client portal.

Individual client users are tracked automatically by the system. Users who fail to logon are deactivated after a defined period of inactivity.

QUICK AND EASY DEPLOYMENT

Deploying CoreMONEY for a new client is quick and easy. CoreMONEY comes with:

• Preconfigured pages

• User templates

• Field level display control

Each client portal established by the processor can be configured to display the client’s graphics, logo, and color scheme. These custom touches make the portal appear as if it were part of the client’s infrastructure.

CORECARD’S CoreISSUE FOR PREPAID

CoreMONEY is deployed with CoreISSUE for Prepaid, providing prepaid processors with the most advanced and feature rich solution for issuing and managing prepaid cards.

• Account & Product Set-Up and Management

• Card Issuing

• Credit Management

• Statement Processing

• Transaction Processing

• Clearing and Settlement

• Installment and Payday Loans

• Compliance and Regulatory Reporting

• Exception Management

• Integrated Letters

• Automatic Messages

• Customer Service

• Multi-currency, Multi-language

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