ST. LOUIS—(BUSINESS WIRE)—InteliSpend Prepaid SolutionsTM today expanded its offerings with the introduction of the company’s Universal Visa® Prepaid Card in the Canadian market. Funded in Canadian dollars, this new prepaid card gives Canadian companies and companies with a Canadian presence an easy and memorable way to reward employees, drive sales and deliver effective consumer promotions.
The new Universal Visa Prepaid Card is an incentive for reward programs in which maximum redemption choice and international spending power is important. It can be used at all merchants that accept Visa cards, including international locations. In addition to spending freedom, the new card boasts higher than industry standard load limits for personalized cards and customization options for company branding. Cards are also available in either preset amounts or as reloadable cards.
“This product has lots of intelligent features that differentiate it from others on the market,” said Darryl Hutson, CEO of InteliSpend, “but what makes it a really competitive offering is that it transforms InteliSpend into a one-stop shop for multinational companies. Now that we have the Universal Visa Prepaid Card in Canada, our clients have one place to go for products funded in both U.S. and Canadian dollars.”
InteliSpend expanded its portfolio with the U.S.-based Universal Visa Prepaid Card last year.
“We are pleased to work with InteliSpend to expand their U.S. program into Canada,” says Sue Whitney, head of new products, Visa Canada. “Prepaid solutions offer flexibility that is ideal for delivering employee rewards programs.”
Specific features of the new Universal Visa Prepaid Card include the following:
Ultimate spending freedom
Simplifies incentive search and better motivates diverse employee and consumer groups with virtually unlimited redemption choices.
Funded in Canadian dollars
Makes it easy for companies needing a solution for constituents in both Canada and the U.S. when coupled with the U.S. dollar-funded product.
Reloadable or preset value
Simplifies administration of ongoing loyalty or incentive programs and on-the-spot rewards.
Comprehensive customization choices
Creates exactly what people want and companies need with options including branding, recipient personalization, collateral design, and expiration date flexibility.
Backed by Visa
Offers high levels of service and security via 24/7/365 customer service, lost/stolen coverage and more.
Recipient delivery and activation
Eases administration by fulfilling cards directly to reward earners. Once the card is activated, it’s easy to use at merchants in-store or online.
In Canada, the Universal Visa Prepaid Card is issued by Peoples Trust Company pursuant to a license from Visa Inc.
For more information on InteliSpend Prepaid Solutions, visit www.intelispend.com.
About InteliSpend Prepaid Solutions
InteliSpend Prepaid Solutions, LLC, an independent entity within Maritz Holdings, Inc., is an issuer and reseller of American Express®- and Discover®-branded prepaid products, and a program manager for MasterCard and Visa. InteliSpend provides businesses with prepaid solutions, including stored-value cards, online reward management technology, and program management. Its products address a broad array of applications, such as employee reward and recognition, sales incentives, expense management, and consumer promotions. InteliSpend is headquartered in Fenton, MO, and is a licensee of U.S. Patents 5,689,100 and 5,956,695 and Canadian Patent 2,215,969.