Payment Data Systems, a US-based payment solutions provider, has enabled third party businesses and developers to access its digital card platform, Akimbo Now.
Akimbo Now is a payment service and API which enables businesses and third-party applications to send rewards, incentives, and other payments in real time.
Additionally, businesses and consumers can send customisable gift, incentive and reward cards through email or text. The recipient can either opt to receive a physical card in the mail or to receive the card number virtually through a mobile application.
The digital card helps to save up to 90% costs due to the elimination of plastic card fulfilment, according to the US technology firm.
Payment Data Systems said that its digital card platform is the first of its kind that supports real-time provisioning of reloadable prepaid debit cards to mobile wallets, such as Apple Pay.
The new digital card platform also supports the Akimbo Prepaid MasterCard and Akimbo Gift MasterCard.
Payment Data Systems senior vice president of prepaid products Houston Frost said: “For businesses and banks interested in leveraging this technology, Akimbo demonstrates how a customer can sign up for a new account and have a card in their Apple Wallet moments after completing the enrolment process.
“There’s no longer the need to wait for a plastic card to arrive in the mail before being able to use the prepaid account.
“We’re very excited to share what the Akimbo platform can do for businesses, banks, and developers. Whether they’re looking to launch their own prepaid card programs, or just seeking a novel and inexpensive way to send incentives, rewards, and other payments, the Akimbo platform provides capabilities matched by no other provider today.”