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

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
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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
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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)
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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
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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
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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
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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
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8. Central Government Payments
How it works
• SMS alerts to deliver
real time balance and
€ In store
transaction information.
• ATM Balance enquiries
Online
ATM
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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
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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
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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
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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
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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
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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
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15. Thank You!
• Any Questions?
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