Topic Category: Prepaid 101
GPR General Purpose Reloadable, or GPR, prepaid cards are the most flexible of the prepaid cards. Funds can often be loaded from multiple sources. Direct deposit and cash loads …
Expense Opportunities Just as it is important to know where your revenue opportunities are, it’s also important to know where your expenses come from. Issuing Bank – Issuing Banks …
Revenue Opportunities There are two revenue opportunities for payment cards that are tied directly to the card – fees and interchange – and a third one for credit cards. …
What Makes Up A Payment Card PAN – Primary account number or the 16-digit card number on the card. BIN – The BIN is the first 6 digits of …
Different Roles in Payments Issuing Bank The bank, also called the sponsoring bank or Issuing Bank, is the entity that 1) has the legal relationship with the cardholder, 2) …
How Does A Payment Card Work Process Flow Let’s take a look at the process that happens behind the scenes once a payment card is used in the store. …
How Is A Prepaid Card Different from a… Bank Debit Card A bank account debit card and a prepaid card have many similarities and some key differences – especially …