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enCards' subsidiary, EduCard, LLC along with its proprietary software, IntelleCard™, has been
nominated as the most innovative Prepaid Debit Card
service. Awards will be announced at the First Annual
Prepaid Card Awards 2007 Expo held in Las Vegas, NV
February 26-28, 2007.
Practical, useful, innovative, entrepreneurial,
insightful and creative aspect of service.
IntelleCard was nominated for their Prepaid Debit Card solution to
college students who receive financial aid or payroll
checks from their institution.
With IntelleCard, Higher Education Institutions can
seamlessly convert their existing process of paper
checks to an electronic transfer by loading funds
directly onto students' Prepaid Debit Cards. This
process reduces costs, saves time for office staff as
well as students, and provides features previously
unavailable to both the institution and student
population.
With this Prepaid Debit Card, funds are moved
electronically, which makes every process easier and
more secure. This also streamlines college
administration functions, such as tracking checks that
aren’t cashed or physically picked up by the students.
The cards eliminate the use of paper checks for more
immediate and secure access to funds. Students can
transfer funds to or from a checking account. Another
feature allows parents to reload the card securely from
any bank account through the Internet, while protecting
the students’ privacy on how their funds are spent.
Contribution and benefit to industry.
The Prepaid Card industry has many Cash Back Merchant Reward
Systems suffering from not being able to reach a balance
in card distribution and merchant rewards. Either the
cardholders lose interest in the card due to lack of
local offers or national merchants become disinterested
since the individual retail locations experience few
transactions. By distributing thousands of cards with
millions of dollars loaded in a very small geographical
area, EduCard provides a “Pay for Success” advertising
model to local merchants with quantifiable results.
About Prepaid Media, LLC
Prepaid
Media provides a host of
business-to-business, integrated media and
information services to numerous emerging
industries. Areas of focus include the
rapidly growing network branded prepaid and
stored value card industry and
consumer-driven health care (CDHC) industry.
Prepaid Media’s properties include the
Prepaid Card Exposm, CDHC Exposm,
Prepaid Card Reportsm, Prepaid
Card Buyers Guidesm, and
www.paybefore.com.
www.PrePaidCardExpo.com |
