For business and technology teams choosing prepaid processing systems, understanding prepaid portfolio dynamics is key to finding a good solution and partner.
Boston, July 9, 2013 - Happily for program managers and issuers evaluating processing models and providers, rapid growth in the prepaid market has positively impacted processing solutions by increasing competition and providing varied business models. Survival of the fittest requires prepaid providers to scale or risk consolidation, and the resulting market presents a wealth of choices for small-scale and large programs alike. But prepaid issuers and program managers must make high-level product decisions prior to embarking on the search for a processing solution--the product offering, size and scale of the program, and number of channels through which products are sold could meaningfully impact prepaid processing decisions.
Based on market information and RFIs from U.S. prepaid processing firms and first-half 2013 Aite Group interviews with 70 issuers, program managers, and processing firms across the industry, this report by senior analyst Madeline Aufseeser guides program managers and bank issuers evaluating processing models and providers. It also provides a checklist to help players new to prepaid or re-evaluating their current programs to assess their situation and frame their decisions.
The piece identifies and evaluates 17 providers that offer various processing models and solutions supporting different types of prepaid programs: ACI Worldwide, Ceridian, First Data, FIS, Fiserv, Galileo, Heartland Payments, i2c, Jack Henry & Associates Inc., MasterCard Integrated Processing Solutions, NetSpend, TSYS, TransCard, Vantiv, Visa DPS, WEX, and Yalamanchili.
This 42-page Impact Report contains five figures and 20 tables. Clients of Aite Group's Retail Banking or Wholesale Banking services can download the report.