Banco do Brasil Americas selects i2c as pre-paid payment processor

Source: i2c

i2c, Inc., a provider of payment processing and emerging commerce solutions, today announced that it has signed an agreement with Banco do Brasil Americas to provide processing services for reloadable prepaid products.

Banco do Brasil, Latin America's largest bank serving more than 55 million consumers globally, is the parent company of Banco do Brasil Americas.

The first collaboration between i2c and Banco do Brasil Americas will be a prepaid card program allowing Brazilian students living in the United States and other countries to receive scholarship benefit disbursements conveniently on a prepaid card. i2c's global payments platform will enable scholarship providers to load funds to prepaid cards that students can use to make purchases in their local currencies.

The new program supports Banco do Brasil Americas' plans to offer a range of prepaid products, including payroll, teen and benefit disbursement cards, to consumers in the United States.

Miguel Cintron, Vice President of Business Development at i2c, said, "This card program will greatly simplify the scholarship disbursement process while enabling a common customer experience across different continents."

The i2c platform will provide account communications and customer support options in Portuguese and English to Banco do Brasil Americas customers. Live customer service in those languages will be provided by i2c through its call center in Panama City, Panama.

"As Banco do Brasil Americas continues to expand and add to our range of convenient prepaid products, it is important that our partners have the ability to support these initiatives," said Pamela Kohl, Executive Vice President of Products and Channels. "We chose to partner with i2c due to their global support operations and robust multi-currency, multi-lingual payments platform."

"Banco do Brasil, one of the leading financial institutions in the world, has a clear strategy for international growth, and we are delighted to provide payment solutions to support that growth," said Amir Wain, Founder & CEO of i2c. "Their selection of i2c is a testament to our reliability and the strength of our global payment processing technology."

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