‹New feature, separately licensed›
When there is high demand for prepaid cards, employing batch issuance is essential, allowing banks to efficiently generate numerous cards at once and streamline processes to swiftly meet customer needs.
The new CreateCardsByBatch web service in Way 4 allows the issuance of prepaid cards in batches and management of connected contracts for a specified account contract. This enhancement streamlines the process of issuing prepaid cards, promoting efficient and error-free management compared to manual creation.
Popular types of prepaid cards, including gift cards, travel cards, and general-purpose reloadable cards, are often issued in batches for various reasons, making the new web service a valuable feature.
Here are some scenarios demonstrating the need for batch creation of prepaid cards highlighting the utility of the CreateCardsByBatch web service in Way4:
1. Retailer gift cards
Scenario: a retail chain wishes to issue a large number of gift cards ahead of the holiday season.
Need for batch creation: creating each card individually is time-consuming and inefficient. Batch creation enables the retailer to quickly and efficiently generate thousands of cards.
2. Employee incentive programs
Scenario: a company wants to distribute prepaid incentive cards to its employees as a form of bonus or reward.
Need for batch creation: it enables the efficient distribution of cards to a large workforce.
3. Reloadable co-branded airline travel cards for customers
Scenario: a financial institution seeks to provide reloadable co-branded prepaid cards to customers, offering a convenient alternative to traditional bank accounts.