Prepaid Debit Cards: Safety & Security in Logistics Warehousing

Guest Post by ODW Logistics 


Third-party logistics providers work to ensure that the supply chain management of prepaid debit cards includes consumer protection. Safety and security are important factors when handling this sensitive product.


 Here are some factors to consider:

• To be a sophisticated provider, the first area of protection starts with the warehouse entrance gate. All visitors and employees are registered to keep potential security threats at bay.

• Other important safety and security precautions to consider in a prepaid products warehouse provider include: automatic police dispatch, alarm fitted fire doors with a safe escape, trip hazard floors, semi annual inspections on equipment to ensure everything is working properly, disaster recovery plans and required certifications.

• Hiring trustworthy employees to join your staff is quite possibly the most important factor.  Your product and customers are not going to be safe if your 3PL does not screen employees and verify they undergo the correct training.  

Each prepaid fulfillment operation will have its own characteristics based on customer demand. When choosing a 3PL or other fulfillment company to manage your prepaid products, some or all of these factors may or may not apply.

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Guest post by All Payments Expo exhibitor, ODW Logistics

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Last Chance to Register for All Payments Expo

There is just 1 week left until All Payments Expo – a gathering of 1,500+ industry doers and thinkers. With new business opportunities across the entire payments ecosystem, this is a must attend event for all payments industry professionals. Don’t miss out – register for APEX today! Use code XU2748BLOG to receive your 10% discount.

Register Here 

See you in Las Vegas!

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10 minutes can send you to APEX 2014 on a free pass!

What does compliance cost your organization? What are the risks? How does your organization navigate the regulatory environment? The All Payments Expo (APEX) is just around the corner March 3-5 and more than 1,500 payments pros will converge on the Las Vegas Mirage Hotel to share their expertise, hear the latest industry updates and find real solutions to their business challenges.

If you've been hoping to attend, but haven't made it happen, you are in luck! The prepaid compliance experts from Card Compliant want to send you to APEX on a free conference pass, and give you access to some of the latest industry thinking and trends on regulatory, accounting and unclaimed property compliance.

Simply take this short 10-question survey to be registered to win a free APEX conference pass, valued at $2,295 and obtain access to Card Compliant's exclusive compliance survey report.

 Take the survey now.

The survey closes Monday Feb 24, so respond now to be included in the drawing for a free pass. Respondents will receive the survey report in the few weeks following the show and can get a sneak peak during one of the APEX Immersion Lab sessions on Tuesday, March 4 at 11:30 am: Regulatory and Revenue Strategies: Maintaining a Profitable Program.  Hope to see you there!

Questions about the survey or regulatory compliance?  Email us at info@cardcompliant.com.

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TAS Group’s New Card 3.0 Card Management Platform Increase Profits for Prepaid Card Programs

All Payments Expo exhibitor, TAS Group, is a global leader of software solutions for electronic money, payment systems and financial markets.  It is at the forefront of innovations in payments. Its solutions have been implemented in many large issuing and acquiring institutions globally.

TAS Group’s new card 3.0 card management platform increase profits for prepaid card programs. With card 3.0 program managers, processors and card issuers can now design and deploy prepaid products to market quicker than ever before…

To learn more about card 3.0, read the full press release from TAS Group here.

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5 Reasons to Partner at All Payments Expo

All Payments Expo is less than 3 weeks away, and attendees and speakers are already starting to cement their partnering plans for the event.

Here are 5 Reasons Why You Can't Miss The Partnering Opportunities at All Payments Expo:

1) Market Size: All Payments Expo is home to 1,500+ players looking for partners, including card networks, processors, issuers/acquirers, retail banks, start-ups, new technologies and 300+ merchants. Register now and start messaging them immediately to book onsite meetings. 

2) Interoperability: The future of payments relies on an interoperable infrastructure, which can only be achieved by leveraging partnerships with numerous stakeholders, including incumbents and newcomers fresh out of beta testing.

3) Investment Potential: Venture capitalists, banks and major corporations are all on the hunt for the next investment or acquisition. The potential licensing agreements, investments and acquisitions are why so many investors, banks and start-ups attend All Payments Expo.

4) More Merchants: Retailers will continue to play a hugely important role in emerging payments acceptance. Without a frictionless consumer experience and a strategic loyalty play, many new payments types won't find merchant acceptance -- or get off the ground. This is the only payments event with 300+ merchants in attendance.

5) The Future of FinTech: New non-bank companies are reinventing the ways consumers borrow, buy and bank. These newcomers often compete with hefty industry mainstays and grapple with uncertain regulations. With more than two days devoted to FinTech content, you'll meet new companies looking for scale and established firms looking to innovate quickly.

Register now to make a big impact on your 2014 strategy.

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Square Inks Payments Partnership with Whole Foods

Via Mashable
 
Early this morning, Square and Whole Foods announced a partnership to process payments at select locations.

This is Square’s first partnership with a major grocery chain – this Whole Foods partnership is Square's most prominent retail partner since Starbucks agreed to use the startup's digital payment products in 2012.

“Whole Foods Market and Square share a focus on supporting local sellers and creating amazing shopping experiences,” Jack Dorsey, cofounder and CEO of Square, said in a statement. “With Square, Whole Foods Market will enable commerce in more parts of their stores with easy, accessible tools that showcase the best of what’s achievable in the service of retailers and customers.”

Square's point-of-sale system – The Square Stand – is currently being used at seven different Whole Foods locations and will be at more stores this year. However, Square is not being used for Whole Foods' main checkout lines - rather, the payment tool is being used at "in-store venues," including sandwich counters, juice bars and pizzerias.

As Square has been rumored to be prepping for an IPO, this partnership between Square and Whole Foods comes at a perfect time. Square reportedly generated more than $100 million in revenue last year and major partnerships like this one could help boost that number even higher.

All Payments Expo is where payments partnerships get started. The annual meeting place for payments professionals focused on areas of growth and convergence in payments. Our mission is to catalyze the partnerships necessary to build the next generation of payments, from the mobile environment to the brick-and-mortar POS.

Don't miss out - Register Today! 

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King of the Payments Jungle?

If you’re taking charge of the payments jungle, we want to give you your rightful crown. Enter the 2014 Paybefore Awards Europe, recognising ferocious innovation and a mighty commitment to excellence in prepaid, mobile and emerging payments in Europe. In 2014, Paybefore Awards Europe will honour winners in 10 categories, which reflect the vibrant market for prepaid, mobile and emerging payments.

The nominations submission deadline is Friday, 14 March 2014. Download the Nomination brochure today. Paybefore subscribers and members of UKGCVA, PIF, or IMA organisations receive a discount on the nomination submission fee.


Benefits of Winning:
Because Paybefore Awards Europe (http://bit.ly/1byo4R6) involves rigorous analysis of nominations by an independent, experienced judging panel, the value of the awards is unparalleled.

• Roaring rights. Recognition from colleagues, clients and prospects of winning in a rigorous and highly competitive juried competition. There’s no more impressive way to let the world know the value of what you do than by winning a Paybefore Award.
• Brand building. All winners may publicise their awards in appropriate ways, such as issuing press releases, posting information on Websites and using the 2014 Paybefore Awards Europe badge for winners and Best in Category in advertising and other communications— extending your influence and building your brand.
• Paybefore coverage. Coverage in Paybefore publications and Paybefore.com, reaching thousands of industry members worldwide. As a winner, your accomplishments will be highlighted in our extensive media coverage.


Awards Presentation:
The Paybefore Awards Europe presentation will take place during All Payments Expo Europe, being held 19-21 May 2014 at the Don Carlos Resort and Spa in Marbella, Spain.

All Payments Expo Europe converges 500 executives from diverse industries to build the next generation of prepaid, retail payments, emerging technologies and alternative financial services. With a focus on innovation and interoperability, this is the most relevant gathering of Europe's payments stakeholders, including retailers, card networks, processors, issuers/acquirers, programme managers, financial institutions, payments start-ups, technology and investors.

All Payments Expo Europe is co-located with Retail Payment Innovations, a one-day event, focusing on retail innovation and payment technology. This event dissects the future of shopping, omnichannel merchant perspectives, mobile payments and wallets, as well as e-commerce & m-commerce. Leading organizations will have the ability to showcase their game-changing technologies in mobile loyalty, M-POS, and mobile payments & wallets through interactive on-stage demonstrations.

Download the programme.

Register now to lock in the lowest rate.

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20% of U.S. Smartphone Owners Used a Mobile Wallet in 2013

One-fifth of U.S. smartphone owners – 40 million Americans – used a mobile wallet in 2013, according to Parks Associates. The firm goes deeper and forecasts that the number of mobile wallet users will continue to grow 183% to 113 million by 2017 – that is 43% of the U.S. smartphone owners.

The significant increase in mobile wallet adoption is projected due to the surge in new payment technologies. These new technologies have a much broader application than mobile wallet technologies of old – mobile loyalty programs along with in-store marketing, will give smartphone users and merchants a greater incentive to start using/accepting mobile wallets.

When thinking of mobile wallets, one often thinks NFC. However, the most used mobile wallet apps actually use barcodes/QR codes – for these apps there is no need for merchants to replace their POS hardware, a simple upgrade allows for adoption (unlike NFC wallets that require a new POS system).

At All Payments Expo this March, find partners to expand your commerce capabilities and determine how new devices are reshaping the payments business model. This is the only event that attracts the highest volume and caliber of decision makers from across the payments ecosystem. Attendees span every link of the value chain - allowing you to take your business to the next level, and solidify relationships with existing clients and customers.

Our mission is to catalyze the partnerships necessary to build the next generation of payments, from the mobile environment to the brick-and-mortar POS.

This is a MUST attend event – Register Today!

See you in Las Vegas!



Read the full article here.

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