Visa Prepaid Cards for the Public Sector

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Prepaid Cards as a means of delivering benefits,
Ms. Caroline Birchinall, Head of Prepaid Proposition Development, Visa Europe.

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Visa Prepaid Cards for the Public Sector

  1. 1. Visa Prepaid Cards for the Public Sector Caroline Birchinall Head of Prepaid Proposition Development Visa Europe For Visa Member Use Only This information is not intended, and should not be construed, as an offer to sell, or as a solicitation of an offer to purchase, any securities Information Classification as Needed
  2. 2. Agenda • Introduction • The Visa Public Sector Prepaid Opportunity – Introduction to Prepaid Cards – Market Opportunity for Prepaid in Europe – Visa Prepaid Public Sector Products – Benefits of using Prepaid cards – Financial Case – The Visa Difference • Next steps Prepaid Commercial February 2010 For Visa Member Use Only Information Classification as Needed 2 Presentation Identifier.2
  3. 3. Prepaid Cards Pay Before Pay Now Pay Later Prepaid Debit Credit Immediate Deferred Charge Credit Linked to a Prepaid Account Linked to a Credit Linked to a Current Account Account Elective Use Everyday Use Elective Use PayWave, Simply One, Visa Code Sure, Risk Control (VPE) Prepaid Commercial February 2010 For Visa Member Use Only Information Classification as Needed 3 Presentation Identifier.3
  4. 4. Visa Prepaid Public Sector Products Employee T&S Charity Disbursements Central Government payments Education expenses Local Authority payments Prepaid cards are a relatively new development in the European public sector but growing fast Prepaid Commercial February 2010 For Visa Member Use Only Information Classification as Needed 4 Presentation Identifier.4
  5. 5. Government Payment Cards Central Government Local Government • Payroll • Payroll • Benefits Employer • Benefits • Retirees/Pensioners • Retirees/Pensioners • Petty cash • Petty cash • Purchasing • Purchasing • T&E expenses Administrator • T&E expenses • Relocation expense • Relocation expense • Social benefits distribution • Social benefits distribution • Health care services • Child support Distributor • Transit subsidies • Child support • Emergency assistance • Emergency assistance Prepaid Commercial February 2010 For Visa Member Use Only Information Classification as Needed 5 Presentation Identifier.5
  6. 6. Prepaid drivers in the Public Sector Improved Reporting and Cost Effectiveness Audit Trail Costs must be fixed and upfront Improved MI and payment quantifiable tracking Improved Security PREPAID Social Inclusion Reduced cash distribution leads DRIVERS A product accessible to all to improved security for both public sector departments and the citizen Increased Efficiency Improved Citizen Increased productivity of Public Experience Sector departments from the A more convenient product for removal of manual processes the end user Prepaid Commercial February 2010 For Visa Member Use Only Information Classification as Needed 6 Presentation Identifier.6
  7. 7. Central and Local Government Disbursements Regular Benefit One-Off Payments Temporary Worker Disbursements Payroll Applicable to a diverse Applicable to a number of • Public Sector departments range of regular central government run employ large numbers of government payments : schemes which support : temporary and seasonal workers – payroll cards are • Child benefit payments • Job seekers clothing ideal for paying salaries to allowance these employees. • Unemployment benefit • Home furnishing • Invalidity benefit allowance • Pension payments • Emergency cash grant • Housing benefit • Winter fuel Prepaid Commercial February 2010 For Visa Member Use Only Information Classification as Needed 7 Presentation Identifier.7
  8. 8. Central Government Payments How it works • SMS alerts to deliver real time balance and € In store transaction information. • ATM Balance enquiries Online ATM Prepaid Commercial February 2010 For Visa Member Use Only Information Classification as Needed 8 Presentation Identifier.8
  9. 9. Product Features Immediate access to Card replaced if lost or stolen Core features funds for the & functionality recipient Customer service and support Visa disposable available by web or reloadable and/or phone prepaid card Accepted at any Visa merchant location (in-store, online, phone) and ATMs Prepaid Commercial February 2010 For Visa Member Use Only Information Classification as Needed 9 Presentation Identifier.9
  10. 10. Central and Local Government Payments Benefits for All The value proposition for recipients and central and local government departments is very strong. These benefits include: Citizen Public Sector Department • Convenience • Improved efficiency • Security • More cost effective • Accessibility for all - No • Innovative method of approval process providing disbursement required for recipients • More secure and better audit trail Prepaid Commercial February 2010 For Visa Member Use Only Information Classification as Needed 10 Presentation Identifier.10
  11. 11. Travel and Subsistence Cards Target customer segments What are they used for? • Given to employees to cover irregular travel and subsistence • Can also be used for emergency cash advances/payments/petty cash • Employers can load a set amount of value to cover the anticipated travel/expenses for a particular trip • Can be issued on an ad-hoc basis • Can be given to employees to cover relocation expenses Prepaid Commercial February 2010 For Visa Member Use Only Information Classification as Needed 11 Presentation Identifier.11
  12. 12. Travel and Subsistence Card Benefits Customer Benefits Business Benefits • Convenience – the • Reduces administrative employee is not out of costs pocket having to reclaim • Increased efficiency expenses • Improves employee • Security and protection productivity • Immediate access to funds • More effective control of • More effective use of work T&S budget time – no requirement to • Simplified reporting complete expense claims • Flexibility Prepaid Commercial February 2010 For Visa Member Use Only Information Classification as Needed 12 Presentation Identifier.12
  13. 13. Charity and Educational Grant Disbursements Charity Payments Educational Grants Charities make both regular • Students and young people and one off payments to receive regular and one off cover : payments to cover : •Emergency cash grants • Tuition fees •Purchase of specialist • Living allowances equipment • Additional grant payments •Supplementary benefit payments Prepaid Commercial February 2010 For Visa Member Use Only Information Classification as Needed 13 Presentation Identifier.13
  14. 14. Charity and Educational Grant Disbursements Benefits for All The value proposition for recipients, issuers and grant providers is very strong. These benefits include: Citizen Public Sector Department • Convenience • Improved efficiency • Security • More cost effective • Accessibility for all - No • Innovative method of approval process providing disbursement required for recipients • More secure and better audit train Prepaid Commercial February 2010 For Visa Member Use Only Information Classification as Needed 14 Presentation Identifier.14
  15. 15. Thank You! • Any Questions? Prepaid Commercial February 2010 For Visa Member Use Only Information Classification as Needed 15 Presentation Identifier.15

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