Primax, a US-based provider of debit and credit card products, has launched prepaid solutions for financial institutions and business clients with prepaid options.
The prepaid solutions are designed to be used as reward, recognition, sales incentive, and consumer promotion vehicles. It can also be customized with the client’s logo/company name, card recipients name and a short message.
The cards, which are predenominated up to $500, includes two options. First option is spending a card anywhere except at casinos, gas pumps and ATMs while the second option includes the value which can be spent at any of nearly 200 of the most popular US merchants
However, these cards cannot be used at ATMs or sold to consumers.
Commenting on the launch, Primax president & CEO Ted Keith said: "Prepaid cards add to our client’s competitive edge and enable them to creatively and affordably reward and incentivize their most important constituents – their employees and clients."