Finextra.com reports that Community Bank Products has aligned with Metavante, which is a leading provider of banking and payments technology, for prepaid card processing.
John Focht, division president, Metavante Issuing Solutions mentions:
"With Metavante, virtually nothing changed for Community Bank Products and its resellers. The cards already distributed are still valid. The reseller banks can continue selling existing cards. They use the same logon screens, the same IDs, the same basic procedures. Minimizing impact on the reseller banks supported by Community Bank Products - that's what Metavante's conversion expertise and relationship team delivered throughout the process."
Community Bank Products will roll out with two new prepaid products in 2010: payroll cards and general purpose re-loadable cards. Both of these cards will have the Visa brand and will complement existing Visa TravelMoney cards and gift cards offered through Community Bank Products. Metavante will also provide customer service and fraud prevention solutions in addition to prepaid card processing, card production and delivery, and account management.
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