Pursuing Prepaid and Stored Value Card
Opportunities in Canada
Delivering better, electronic, cost efficient
payments
Paul Simpson
Global Head - Public Sector,
Wholesale Cards
2
Agenda
• Overview of Prepaid and Stored Value Cards
• Canadian Wallet Size
• Prepaid Benefits
• Prepaid Solutions for Public Sector Clients
• Client Examples
• Case Studies
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Prepaid Program Types – Global Market Size
Segment
Opportunity
Product Types
Government to
Consumer
Consumer to
Consumer
$689 billion
$517 billion
Federal and State government
disbursements, for example
Unemployment Insurance, Child
Support, etc.
Teen Spending Cards, Gift Cards, Travel
Cards, College Campus Cards, General
Purpose Spending Cards, Private Label
Gift Cards
Business to
Consumer
$205 billion
Insurance Claim Cards, Workers
Compensation Cards, Promotional and
Rebate Cards, Customer Service Cards
Business to Employee
$555 billion
Payroll Cards, Incentive/Bonus Cards,
Flexible Spending Account Cards,
Transit
Business to Business
$155 billion
Petty Cash Cards, Infrequent Traveler
Cards, Relocation Cards, Private and
Government Purchasing/Corporate
Cards
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Prepaid Program Types – Canadian Market Size
Overall Canadian
pre-paid market is
estimated to be in
excess of $100 billion
Strong opportunities
exist in:
Government to
Consumer
Business to Consumer
Business to Employee
Business to Business
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Key Prepaid Program Components
Custom-designed
Visa®/MasterCard® prepaid card
• Re-loadable and re-usable
• Good everywhere Visa/MC debit cards
are accepted
• Plastic and virtual solutions
• ATM or debit only cards
Payment Delivery Options
• ACH (Direct Deposit)
• Proprietary Bulk file
• Individual Payments (Web-based tools)
Customer Support
• IVR
• Live Representatives
• Website
• Email
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Prepaid Card Benefits
A cost effective means of distributing funds to recipients with a reduction in expenses associated
with paper-based cheque or voucher payments
Streamlined operations that eliminate warehousing, distribution and reco