February 26, 2013
Co-branded Prepaid Solution Delivers Bonus/Incentive Payments to Renault Agents
Prepaid Financial Services (PFS), a leading provider of global prepaid solutions and a preferred MasterCard® supplier, has announced the launch of
corporate incentive prepaid card in
. The prepaid card reflects a collaboration between PFS, Corpedia Financial, the issuing bank IDT Financial Services LTD (IDTFS), and
, a division of Renault. The card will provide a quicker and more attractive mechanism for making incentive and bonus payments to staff working in Renault garages and showrooms across
prepaid card is a MasterCard branded Euro currency card and will be loaded with funds and distributed to Renault agents by the SODICAM
team. Once loaded and activated, the card can be used at over 32 million retailers and 2 million ATM's around the globe, wherever users see the MasterCard Acceptance Mark.
cardholders can voice activate their card and manage their prepaid card account via the dedicated account portal on the Corpedia website.
Noel Moran, CEO of
Prepaid cards are a well-established mechanism for delivering incentive payments as they drive motivation and engagement, whilst presenting
with a flexible, tangible reward of choice
This is another prestigious launch for the PFS Team and we are
to be teaming up with Corpedia Financial and Renault
The corporate prepaid market in
is underdeveloped/underserved and represents a mas
sive opportunity for PFS and our
clients in 2013.
CEO of Corpedia Financial
Prepaid incentive cards are a very powerful
recognize performance, drive sales and build brand awareness
. The launch was
a great success and
the cards have been
very well received by the Renault employees, which underlines
the high pote
ntial of this product in
. All the more so as this programme
initially intended to
a unique operation
has been extended to all their incentive operations
in substitution of their coupons and gift certificates.
, Managing Director at IDT Financ
ial Services, LTD
We are delighted to
this exciting new product for Renault.
has been launched in record time which
to the professionalism and experience of all parties
Corporate incentive cards are an excellent mechanism for reinforcing the corporate brand and provide benefits that other corporate gifts simply cannot provide. Furthermore, it is possible to brand cards in line with the theme of the incentive scheme to ensure all communication is consistent with corporate branding guidelines. The prepaid card then becomes a payment vehicle that is repeatedly presented at the point of sale and reinforces the corporate brand.