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Prepaid Financial Services & Corpedia Financial Drive Incentives At Renault

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.

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