FIRST ANNUAL PREPAID CARD AWARDS – EDUCARD NOMINATED
|FOR IMMEDIATE RELEASEIntelleCard is nominated as “the most innovative Prepaid Debit Card” service.|
|LAS VEGAS, NV — 01/16/2007|
|enCards’ subsidiary, EduCard, LLC along with its proprietary software, IntelleCard™, has been nominated as the most innovative Prepaid Debit Card service. Awards will be announced at the First Annual Prepaid Card Awards 2007 Expo held in Las Vegas, NV February 26-28, 2007.|
Practical, useful, innovative, entrepreneurial, insightful and creative aspect of service.
IntelleCard was nominated for their Prepaid Debit Card solution to college students who receive financial aid or payroll checks from their institution. With IntelleCard, Higher Education Institutions can seamlessly convert their existing process of paper checks to an electronic transfer by loading funds directly onto students’ Prepaid Debit Cards. This process reduces costs, saves time for office staff as well as students, and provides features previously unavailable to both the institution and student population. With this Prepaid Debit Card, funds are moved electronically, which makes every process easier and more secure. This also streamlines college administration functions, such as tracking checks that aren’t cashed or physically picked up by the students.
The cards eliminate the use of paper checks for more immediate and secure access to funds. Students can transfer funds to or from a checking account. Another feature allows parents to reload the card securely from any bank account through the Internet, while protecting the students’ privacy on how their funds are spent.
Contribution and benefit to industry.
The Prepaid Card industry has many Cash Back Merchant Reward Systems suffering from not being able to reach a balance in card distribution and merchant rewards. Either the cardholders lose interest in the card due to lack of local offers or national merchants become disinterested since the individual retail locations experience few transactions. By distributing thousands of cards with millions of dollars loaded in a very small geographical area, EduCard provides a “Pay for Success” advertising model to local merchants with quantifiable results.
About Prepaid Media, LLC
Prepaid Media provides a host of business-to-business, integrated media and information services to numerous emerging industries. Areas of focus include the rapidly growing network branded prepaid and stored value card industry and consumer-driven health care (CDHC) industry. Prepaid Media’s properties include the Prepaid Card Exposm, CDHC Exposm, Prepaid Card Reportsm, Prepaid Card Buyers Guidesm, and www.paybefore.com & www.PrePaidCardExpo.com