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Transit cards, unemployment, health and welfare benefits are but a few of the areas in which CoreCard's government solution can help you reduce costs and improve service. |
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Brochure |
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Government Cards  |
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Contact |
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Government Product Manager |
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| GOVERNMENT ENTITIES SAVE TIME AND MONEY WITH PREPAID CARDS |
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Employer to
Employee |
Government to
Consumer |
| Payroll |
Social Security |
| Benefits |
Food Stamps |
| HSA/FSA |
Unemployment |
| Travel |
Transit |
| Fleet |
Medicare/Medicaid |
| Incentives |
Disaster Relief |
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Government entities of all types are searching for ways to control costs and provide timely services to their constituents. Cutting checks to citizens and employees is a costly and time consuming process. With the loss of tax revenue pressing hard on all government entities, the search is on to find ways to save money. Many groups are turning to prepaid card solutions to help control costs and raise level of service they provide to their constituents.
Any place where a check is being used today is a great place to consider the use of a government issued prepaid card. As an employer, government entities can find further saving by using prepaid cards to handle everything from payroll to reimbursement to benefits.
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CARD CONTROL IS DETERMINED BY THE PROGRAMS BEING OFFERED
CoreCard Software recognizes that there are many ways
to issue and account for money credited to a government issued prepaid card. Our solutions are designed to support the types of cards
being
offered. |
| Basic Prepaid Card Types |
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Closed-loop cards are single payee cards. They can be used only at a specific location or at the locations of a given payee — most gift cards fall into this category. Open-loop or open "branded" cards are general-use prepaid cards, normally branded with a card scheme logo such as MasterCard or Visa, which can be used like credit or debit cards at most POS terminals. However, open-loop cards can be restricted and become more closed at the behest of the issuer — by restricting the type of merchant that the card may be used at either by business category or by store brand. Such restricted cards are of use to service providers such as healthcare providers and insurers that may want to use the cards to facilitate payout of funds, while ensuring that those funds are spent in the appropriate manner at an appropriate location.
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Reloadable
vs.
Non-Reloadable |
Typical gift card programs tend to be single-load (or non reloadable) cards — once the money is depleted, the card is no longer usable or reloadable. Reloadable cards may have new funds added at a physical POS terminal or via the Web or phone. One example of a successful reloadable prepaid card is the Starbucks card.
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Single
vs.
Multi-Application |
This card type merges prepaid functionality with a multi application card. For instance, the Starbucks Duetto card is a fully functioning Visa-branded credit card, as well as a prepaid card. Cardholders can use it as a Visa credit card anywhere that Visa is accepted, or as a reloadable Starbucks prepaid card at most Starbucks locations. |
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Multi-Payment |
This card type involves an underlying prepaid account that is supported by more than the prepaid card. For instance, with Obopay in the U.S. and with Smart Communications in the Philippines, the underlying prepaid account can be accessed by a mobile-phone payment system, as well as a MasterCard-branded prepaid card. |
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Some prepaid cards can be used only in a card-present environment, while others support CNP purchases - but usually they have restrictions, especially for open-loop prepaid. For instance, the Italian post office's Postepay card can be used to make purchases at Web sites that accept Visa cards, provided those Web sites support online authorization.
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CORECARD CoreENGINE PROVIDES THE POWER OF SHARED COMPONENTS
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The CoreCard products are built to sit on top of our CoreENGINE platform, so that the power of the shared components embedded in this platform is leveraged across all of our products. The CoreENGINE platform provides instant fault-tolerance, scalability, and ease of use. The CoreISSUE configured for Government solution is a solid tool to help
issuers
and
processers
control
of their
card
portfolios.
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Establishing a Government prepaid card program only requires configuration of the various parameters and components to meet the requirements of the programs and products being offered. CoreENGINE interfaces with industry standard third party programs. |
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CORECARD’S CoreISSUE FOR GOVERNMENT PREPAID
CoreCard's CoreISSUE configured for Government Prepaid issuers and processors with the most advanced and feature rich solution for issuing and managing Government cards. Features include: |
- Account & Product Setup and Management
- Transaction Processing
- Credit Management
- Statement Processing
- Clearing and Settlement
- Exception Management
- Reports
- Customer Service
- Web Self-Service
- Multi-currency, Multi-language
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CORECARD’S SUITE OF PRODUCTS PROVIDES ADDITIONAL FUNCTIONALITY
CoreCard can provide a complete Government solution if needed by adding one or more of our other products that support dispute management, collections and sales. All of the CoreCard products are built to leverage the power of the shared components found in CoreENGINE.
CoreDISPUTE
CoreCOLLECT
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Champion/Challenger Recovery Strategies
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Case Management (automatic case presentment and case search facility)
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Collections Automation (letters, optional dialer interface, third party collectors)
CoreSALES
CoreCard's solutions feature easy to use parameter-driven controls and provide the ability to set up any amount or type of programs to manage your transactions and accounts. The Government solution can help issuers and processors realize fast and measurable ROI, react rapidly to
evolving market dynamics and product offerings, and attract and retain lucrative programs.
PROCESS IN HOUSE OR LET CORECARD HANDLE THE PROCESSING
CoreCard gives
issuers the option of processing
their prepaid cards
themselves, or
allowing
CoreCard
to
handle
the
processing
for
them.
Whichever
method
is
chosen,
CoreCard will help each step of the way from configuration to delivery.
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