- Ibanera collaborates with FIS to introduce a prepaid card program.
- The new program aims to offer flexible payment solutions for businesses and consumers.
What happened: Ibanera’s new prepaid card programme
Ibanera, a leading digital banking platform, has announced a strategic partnership with global financial services provider FIS to launch a comprehensive prepaid card program. This collaboration is designed to deliver advanced payment solutions tailored for both businesses and individual consumers across the United States. Supported by Visa’s extensive network, the new prepaid card program offers users the convenience of making payments wherever Visa is accepted, ensuring both flexibility and security. The program features instant issuance, enabling users to receive virtual or physical prepaid cards on the spot, and the capability to conduct transactions in multiple currencies, making it suitable for both domestic and international use.
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Why it is important
This partnership is significant as it underscores Ibanera’s commitment to providing innovative, secure, and accessible financial solutions. The integration of FIS’s extensive experience in the prepaid sector, which has processed over 21.1 billion U.S. card and money movement transactions, empowers users with various solutions, including payroll, travel expenses, government payments, and more. The program also offers branding opportunities by allowing the placement of logos on prepaid cards. In addition to traditional plastic cards, the program includes tokenized cards compatible with major digital wallets, facilitating secure mobile payments. Users can manage and monitor their transactions in real-time through Ibanera’s online portal, providing greater control over their finances. The availability of the Ibanera prepaid card program to U.S. residents and businesses, along with multiple load options such as Fedwire, ACH Direct Deposit, FedNow, P2C, and Visa ReadyLink, ensures users have versatile ways to fund their cards. This initiative is a step towards enhancing the digital payment ecosystem and meeting the evolving needs of consumers and businesses in the financial technology space.
