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Unbanked
Unbanked is the term applied by the banking industry to those without bank accounts. Many of these individuals must use check-cashing services where they must pay hefty fees.
TSYS Prepaid develops prepaid card solutions particularly suited to those that do not have traditional banking relationships. Our solutions provide the unbanked with the freedom to spend their money everywhere that Visa® and MasterCard® debit cards are accepted, or use an ATM, with their own personalized card.
Products and features include:
- Reloadable or non-reloadable cards either plastic or virtual
- Instant issue capability
- Real-time retail loading
- Promotion codes
- Online purchase
- Reporting tools
- Administration tools
Card-loading alternatives include:
- POS software integration
- Terminal device integration
- Third-party offloading
- Direct deposit/ACH
- Lock-box acceptances
- Card-to-card transfers
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