ElectraCard Services (ECS) joins the MasterCard Partners in Prepaid Programme

Source: ElectraCard Services

ElectraCard Services (ECS), a leading provider of software solutions for electronic payment systems, has collaborated with MasterCard for its Partners in Prepaid Program. The Partners in Prepaid program brings together best in class local processors and program managers with expertise in executing prepaid programs in Asia/Pacific, Middle East and Africa for MasterCard customers. ECS is the first collaborative effort as part of the MasterCard Prepaid Program.

As part of this program, adhering to MasterCard standards of best practice program design, implementation and ongoing management, ECS will provide customized prepaid services through its electraPREPAID platform to issuers across regions.

"With prepaid programs growing in popularity in the region, we at MasterCard consider it critical that our customers have trusted partners offering best-in-class processing solutions and ongoing operational support. We are confident that ElectraCard can deliver this to our customers and we are happy to bring them on board as the first member of the MasterCard Prepaid Program", said Robert Walls, Senior Business Leader, Debit & Prepaid Product Management, Asia/Pacific, Middle East & Africa, MasterCard Worldwide.

electraPREPAID is a feature-rich prepaid card solution that is designed ground up for multi-institution, multi country, multi-lingual, multi-currency environments. It manages and supports various flavors of prepaid cards such as payroll cards, gift cards, travel cards, and supports end-to-end requirements of the prepaid card issuer including program management, agent management, card production, registration, fee management, authorization, transaction processing, account funding, dispute management, agent services, customer care and cardholder self care.

Mr. Ramesh Mengawade, CEO, ElectraCard Services said, "We are proud to be providing end-to-end support to MasterCard for their first ever Partners in Prepaid Program. With relevant expertise and a distinguished product, we will create the right platform for issuers to tap the growth potential of the prepaid segment."

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