HP Prepaid Card Services add a comprehensive suite of modules across the entire life cycle of pay-before products, offering web-enabled services such as:
•An inventory management system tracks the complete life cycle of the card, providing clients with the assurance that they have card inventory ready for distribution;
•A self-service customer portal enables cardholders to easily enroll their cards securely with their issuing bank, view their transaction histories, add funds, change their PIN and report lost or stolen cards;
•A client brand able customer service portal allows simple and secure access to cardholder profiles and transactions to address customer inquiries.
While the HP platform doubtless has value to offer banks, questions remain regarding the actual preparedness for the full range of prepaid transactions, including things like reloads, bill payments, ACH transactions, text alerts, person-to-person payments, and others. Any prepaid platform needs to be flexible since many new technologies begin in the prepaid space before moving into attaching bank or credit accounts.
Read the full press release at: http://www.hp.com/hpinfo/newsroom/press/2011/110321a.html?mtxs=rss-corp-news
More information on the product can be found at: http://www8.hp.com/us/en/services/services-detail.html?compURI=tcm:245-823320
