Prepaid Cards

Gift Cards

Gift Cards are single-load instant-issue prepaid cards distributed in retail environments (e.g. shopping malls or single retailers). They may be co-branded by the shopping mall or retailer and are typically available in flexible load values activated in real time at the point of purchase.

GPS offers MasterCard and Visa powered Open-Loop Gift Cards which can be spent anywhere and Limited Network or Private Label Gift Cards which are restricted to a pre-defined group of merchants.

GPS provide dedicated technologies to support EPoS, kiosk and e-commerce sales channels. Our Gift card programmes are administered via a web-based management information reporting suite that features an extensive range of programme management and financial control tools and management information reporting.


Employers can use prepaid cards as a flexible and cost efficient method of managing payroll for workforces comprising temporary, contract or migrant workers.

The cards can be co-branded by the corporate or employer if desired and may be personalised or non-personalised with the cardholder or employees name. The cards are loaded by the employer instead of making salary payments direct to the employees in cash or by cheque.

?GPS’s prepaid payroll solution features the ability for employers to bulk upload employee and payroll data, and to track and reconcile banking payments to cover payroll load values.


Prepaid cards may be issued by businesses as incentives, rewards or sales promotional tools to customers, associates or employees. They provide flexible spending that enables the recipient to choose where and how to redeem the value at any merchant that accepts MasterCard or Visa payments.

The cards can be linked to discount schemes with selected retailers or other merchant partners in order to increase the value of the product to cardholders


Sub-prime cards are issued to individuals that may experience difficulty in opening a bank account or credit card account due to their status or previous debt problems.

Sub-prime cards are also a cost-efficient method for banks to service the sub-prime sector and manage accounts with a low volume or value of transactions. As the cards may only be used to spend pre-loaded funds they offer a zero-risk and low cost solution to the issue of managing a sector that is difficult to service via traditional core banking services.

Travel Money

Travel Money cards are issued by programme managers or banks direct to their customer base or in conjunction with a third party distributor (e.g. money exchange bureau, holiday company or airline).

?The cards are denominated in foreign currencies and are used by cardholders to facilitate spending in local currency when travelling. Cardholders will typically receive a better rate of exchange than by using their own credit or debit card and are less exposed to credit card fraud than when using their own cards.

Money Transfer

Money Transfer cards are provided to cardholders as a method of remitting money to secondary cardholders overseas.

?GPS’s flexible processing platform allows two cards issued in different countries to be linked so that they can access funds from a single e-wallet or transfer funds between the two cards. GPS’s market-leading technology solutions provide an excellent opportunity for programme managers to provide cardholders with a cost-efficient and flexible method of instantly transferring funds internationally at lower rates than traditional bank transfer or the private label money transfer networks.

Teenage Spending

Teenage Spending cards are issued to teenagers that may be too young to hold a full-service bank account. They are a particularly useful and secure method for parents to make ‘pocket money’ or allowance payments to children living at home or students living away from home.

GPS’s teenage payment solution allows parents to register their children for a card and to load it via e-commerce, bank transfer or a range of other load channels. The GPS customer services interface provides for full parental visibility over where and how cards may be spent.

Corporate Payments

Prepaid may be used by businesses to facilitate a range of payment types including petty cash, procurement, domestic and international expenses, incentive and reward, and ‘cash-out’ payments, for example insurance claim settlement or micro-lending arrangements. It also provides many flexible options for the public sector when making payments such as benefits, allowances, crisis payments and other subsidies.

The clear benefit of using prepaid rather than cash or cheque payments in many of these scenarios is the audit trail that prepaid provides, making it possible to identify where the funds paid have been spent. For business this means that expenses reconciliation can be automated based on merchant details, and for the public sector it means that spending can be tracked and/or restricted to ensure fidelity and appropriate use of the funds for their intended purpose.

Virtual Cards

Virtual Prepaid is an exciting and cost efficient development for single payments and payment products that are designed only for use in virtual environments: for example e-commerce or other distance selling channels. GPS has worked with a number of its clients to leverage virtual prepaid as a novel way of providing consumers and businesses with flexible payment vehicles to suit these scenarios.

?Utilising its white-label micro-site technology GPS is able to securely issue virtual prepaid cards via its clients’ and partners’ websites in a manner which is fully compliant with the requirements of PCI DSS. These virtual prepaid cards can then be used with any merchant for e-commerce or other ‘card not present’ transactions, providing the same spending capability as a physical card but without any of the expense and time taken in manufacturing and distributing the plastic cards themselves.