LONDON, February 27, 2013 /PRNewswire/ --
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 SODICAM [ 2 ] corporate incentive prepaid card in France. The prepaid card reflects a collaboration between PFS, Corpedia Financial, the issuing bank IDT Financial Services LTD (IDTFS), and SODICAM [ 2 ], 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 France.
The SODICAM [ 2 ] prepaid card is a MasterCard branded Euro currency card and will be loaded with funds and distributed to Renault agents by the SODICAM [ 2 ]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.SODICAM [ 2 ] 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 PFS stated: " Prepaid cards are a well-established mechanism for delivering incentive payments as they drive motivation and engagement, whilst presenting employees with a flexible, tangible reward of choice . This is another prestigious launch for the PFS Team and we are delighted to be teaming up with Corpedia Financial and Renault in bringing this innovative incentive product to Renault agents across France . The corporate prepaid market in France is underdeveloped/underserved and represents a mas sive opportunity for PFS and our clients in 2013." Kilian Fug , CEO of Corpedia Financial commented " Prepaid incentive cards are a very powerful mean s to 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 France . All the more so as this programme was initially intended to be a unique operation but has been extended to all their incentive operations , in substitution of their coupons and gift certificates. " Daniel Spier , Managing Director at IDT Financ ial Services, LTD , commented, " We are delighted to have helped develop this exciting new product for Renault. It has been launched in record time which speaks to the professionalism and experience of all parties in volved . " 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.