Gift cards might be the most commonly known form factor of prepaid, but with healthcare, payroll services and financial inclusion—just three areas where prepaid is accelerating—it’s clear this industry is just getting started. Speaking during an interview in the Finetics™ Studio at Money 20/20 in Las Vegas, Jeremy Kuiper, MD at The Bancorp, shares his insights on the promise, challenges and evolution of prepaid.
“There are three platforms: credit, debit and prepaid,” says Kuiper. “Prepaid is very unique and different from all the others in the sense that it is really a mechanism of facilitating alternative ways of facilitating payments and a variety of products and verticals are available – very different to credit and debit.
“As a result of that, it’s really evolved in terms of some very unique applications in the payments space. It’s been a lot of fun creating and having that platform and ability to innovate and create new payment technologies.”
Access Jeremy Kuiper’s full interview, plus more insights on prepaid from Blackhawk Network President Talbott Roche, American Express EVP and GM Stefan Happ, Brightwell Vice Chairman Ken Goins, CEO and president of the Network Branded Prepaid Card Association Brad Fauss, People’s Card Services president Peter Read and CEO and president of the Network Branded Prepaid Card Association Brad Fauss on The Bancorp’s Finetics blog.
Blockchain technology is revolutionising the way we do business allowing treasurers to really add value and commercialise business development. At the Treasury Leaders Summit, Tim de Knegt, strategic finance and treasury manager for the Port of Rotterdam, has recently implemented a Blockchain PoC into the Port's organisation and supply chain.
Find out how the treasury department at Ferguson (formerly Wolseley), the world's largest trade distributor of plumbing and heating products, was faced with the challenge of building and maintaining a central treasury operation in a decentralized company, and hear about the treasurers’ approach to gaining control through visibility, enabled by the treasury management system tm5.
Get to know the treasury challenge of a post-merger integration and other hot treasury topics like FX management, bank account integration and netting at the newly merged access and security solutions provider dormakaba.
Learn how Gazprom Germania, the German subsidiary of the gas giant Gazprom, has coped with the challenge of integrating subsidiaries from different cultures into one common and transparent TMS.