DCR’s Favourite Prepaid Industry Posts of 2016

The payment industry is dynamic and constantly changing, providing new and better ways for people and businesses to make payments. We’ve compiled a list of some of our favourite and most notable articles about the prepaid industry from 2016. Here are our top picks of the year:

“Corporate Prepaid Cards are the Best Bet for Your Business, and here’s why”: DCR’s article breaks down why a prepaid card program is the best bet to ensure success for your business. It focuses on five main reasons: Avoiding overspending/increasing oversight, eliminating debt, saving time and money, having multiple applications available, and promoting your brand.

“Prepaid cards offer fast and inexpensive ways to help keep corporate costs in check, incentivize employees, settle expense accounts, and reduce the wait time between payments.”

“Viewpoint: The Future of Prepaid: Four Trends and Four Predictions”: If you want to learn more about the essential functions of prepaid cards and how they will impact the future, this article is just for you. It highlights key trends and predictions in the prepaid card industry, backed up by insight from industry experts.

“Consumers with bank accounts—particularly millennials—increasingly will turn to prepaid cards to spend, save and manage their money.”

“Why Electronic Payments are the Key to Economic Growth”: Let’s Talk Payments breaks down how electronic payments contribute to economic growth. Using data and compelling facts, the article demonstrates global trends in electronic payments despite concerns over data privacy and security.

“According to findings, electronic payments added $296 billion to GDP in the 70 countries studied between 2011 and 2015, which is equivalent to the creation of ~2.6 million jobs on average per year over the five-year period, or about 0.4% of total employment in the 70 countries.”

“5 Ways to Ensure a Successful Referral Program”: A referral program is a great way to motivate customers and build loyalty, but for this to happen, you need to ensure you build a referral program that works. Read DCR’s article to learn 5 ways to ensure success for your referral program.

“People who are referred by a friend are 4x more likely to buy from a business, and one offline word of mouth impression drives sales at least 5x more than a paid impression.”

“What is an Open Loop Prepaid Payment?”: Find out more about open loop prepaid cards and how they are replacing traditional forms of payment such as cheques. Open loop Prepaid cards are flexible, cost-effective, and they can be used anywhere Visa, MasterCard or other payment networks are accepted.

“The Canadian market is expected to follow U.S. trends, where open-loop prepaid cards are the fastest growing form of electronic payment. Mercator Advisory Group reported that the total load value in the U.S. reached USD$ 264 billion in 2014.”

“Numbers Don’t Lie: 7 Reasons Why Prepaid is King”: You may have heard about the popularity of prepaid cards and the growth in usage in the last few years, but have you seen the stats to prove it? DCR provides a compelling article illustrating the growth and potential for prepaid cards using data acquired from industry experts.

“The total number of credit, debit, and prepaid cards increased 58% globally in 2015, totaling over 18 billion, according to research conducted by The Nilson Report.”

“Prepaid Gets Proactive in Employee Spend Control”: Learn how to be proactive with employee spending control. Tracking employee expenses manually is tedious and time consuming. However, a prepaid card solution provides a robust system, allowing you to budget wisely and monitor employee spending with ease and efficiency.

“A prepaid card can add another layer of transparency to employee spending, he said, by enabling businesses to know how much will be spent, where and on what items before a purchase is ever made.”

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