NORCROSS, GA, June 1, 2011 – CoreCard Software (www.CoreCard.com) , a leading provider of card management and boutique processing solutions, today released the next in its series of white papers, “Prepaid Debit Cards in the Government Benefit Sector – Finding Ways to Simplify the Confusion.” This newest installment in the series of white papers focuses on providing insights into the issues faced by government agencies and recipients of government issued prepaid benefit cards.
“Government agencies face increasing pressures to rein in costs and the use of prepaid cards is one tool they are turning to. However, this solution is creating new challenges for benefit recipients that need to be addressed,” said J. Leland Strange, CoreCard Software CEO. “Finding the right balance is difficult these days and the systems in place to manage these new programs may not be up to the challenge. We hope this white paper helps move the discussion forward and helps the reader examine the issues as they relate to them.”
In a recent study commissioned by MasterCard Worldwide and conducted by Boston Consulting Group , it was estimated that by 2010 prepaid card usage would account for $600 billion in transactions. Of that figure, 47% or $284 billion will be for government transactions. In the United States alone, government transactions will account for $174 billion of the total.
“As a leader and innovator in the prepaid and payments market, we believe this latest installment in our white paper series provides insight into the market challenges government agencies face in the coming years,” added Strange.
For more information on how CoreCard can save money and make any organization more efficient, visit CoreCard online at http://www.corecard.com or call 1-770-564-8000.
About CoreCard Software, Inc.
CoreCard Software, a leading provider of card management systems and processing services, offers an array of account management solutions to support the complex requirements of the evolving global financial services industry. The CoreCard® software solutions provide the market’s most feature-rich platform for processing and managing a full range of card products including prepaid/stored-value, fleet, credit, debit, commercial, government, healthcare and private-label cards as well as accounts receivable and loans. Headquartered in Gwinnett Innovation Park in Norcross, GA with additional offices in India and Romania, CoreCard is a subsidiary of CoreCard Corporation (NYSE: CCRD). For more information, call 770-564-8000 or visit www.corecard.com.
Media Contact: Sharon Cuppett