Prepaid cards, by virtue of their limited liability in the event of loss, are gaining popularity in the market. The precise, known top-up amount make them ideal for gift cards, travel cards, salary cards, meal cards, among many others.

FSS Prepaid card management system allows a variety of prepaid card products to be defined, including usage in open-loop and closed-loop programs, and on magnetic stripe and EMV™ chip card platforms. FSS provides fixed or re-loadable value options on prepaid cards. The application tracks issuance and activation of cards, authorizes transactions online, defines applicable fee and charges and provides reconciliation and settlement. The suite also facilitates issuance of virtual cards.