Digital banking platform Ibanera is teaming up with global financial services provider FIS to launch its new prepaid card program.
This collaboration aims to provide innovative payment solutions for both businesses and individual consumers across the United States.
The prepaid card, supported by Visa’s global network, allows users to make payments wherever Visa is accepted, offering enhanced convenience and security.
Features of the program include instant issuance, enabling users to receive virtual or physical prepaid cards immediately. The cards also support transactions in multiple currencies, making them suitable for both domestic and international use.
Michael Carbonara, CEO of Ibanera, shared, “We are excited to work with FIS to bring this robust prepaid solution to market. This collaboration is a significant step in our mission to provide innovative, secure, and accessible financial solutions. Whether it’s managing business expenses or day-to-day personal spending, our prepaid cards deliver a seamless payment experience tailored to the needs of today’s consumers and businesses.”
With FIS’s extensive experience in the prepaid industry, having processed over 21.1 billion U.S. card and money movement transactions, this partnership ensures a high-quality solution that meets the demands of the market.
The prepaid card program provides various use cases, including payroll, travel expenses, government payments, and more. It also provides businesses with branding opportunities, allowing them to customize prepaid cards with their logos.
In addition to traditional plastic cards, the program includes tokenized cards that are compatible with major digital wallets, enabling users to make secure mobile payments. Ibanera’s comprehensive online portal also allows users to monitor and manage transactions in real-time, giving them better control over their finances.
The Ibanera prepaid card program is available to U.S. residents and businesses, offering a range of funding options, including Fedwire, ACH Direct Deposit, FedNow, P2C, and Visa ReadyLink, providing users with versatile ways to load their cards.
