Closed Loop Payment Systems
Prepaid Card Software & Processing Services
Retail chains, malls, gas stations, theme parks and other connected commerce fronts can increase their repeat business by converting anonymous customers into payment and rewards cardholders. Card issuers have significant opportunity as most progressive establishments strive to know their customer and offer promotions & rebates that matter.
Fleet Cards
Fleets can benefit from issuer’s negotiated pricing with gas stations and gas stations increase the foot falls by accepting fleet cards. CoreCard’s fleet card issuing solution empowers the issuers to manage negotiated pricing, allowed product catalog and card fee for each fleet – gas provider program separately.
Prepaid Gift & Promotions Cards
Prepaid gift, rewards and promotions cards are very effective and targeted tools for acquiring new customers and increasing the frequency and purchase volume for existing ones. Whether you want to issue merchant gift cards or promotions cards, CoreCard may have a solution fitting your needs.
Shopping & Loyalty Cards
A reloadable closed loop prepaid card can be restricted to be used only at a shopping mall, theme park or any other chain of merchants. The establishments can promote their brand and also offer loyalty programs to encourage repeat usage through this card. See how CoreCard can help setup such programs.
Benefits of Closed Loop Payment Systems
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 & promotions cards fall into this category. 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.
Enhance Revenue Generation
Our unique fee catalog feature lets you design and control fees by program or product type.
Service Flexibility
Manage your own programs and leave the processing to Corecard or work with our experts to implement your in-house licensed software solution
Adapt To Market Trends
Feature rich and quick to respond to evolving market needs, our software provides the most standard and also the latest industry features.
Closed Loop Payment Solutions Features
The Corecard platform for closed loop issuing allows issuers, program managers, and processors the most advanced and flexible real-time transaction technology available. Features include :
- Use our CoreMONEY portal or services to create your own front end or mobile self-service
- Unique fee catalog by program and product
- Loyalty programs mangement
- Account & Product Setup and Management
- Real time Authorizations
- Savings Account
- Issue and manage cards in complex hierarchies with rollup billing and reporting
- Statement Processing
- Exception Management
- Reports
- Customer Service
- Web Self-Service
- Mobile Self-Service apps
- Multi-currency & Multi-language
- Easily customizable interfaces and reporting
- iOS and Android Mobile App
- Clearing and Settlement