Security, Fraud Protection and Legal Compliance
Security is our business and our livelihood. We take every measure possible to ensure our prepaid programs are secure, every step of the way.
Our prepaid cards provide the highest levels of financial security and fraud protection. They’re issued by a more than $10 billion issuer, The PrivateBank and Trust Company. Both your funding dollars and cardholder balances are insured by the FDIC. We fully fund 100% of the cardholder available balances. And we segregate Client funds from Swift funds, with no ability to access Client funds except in the funding of cards. Cardholders are also protected—Swift prepaid card uses the secure Visa®, MasterCard® and Discover® networks and offer zero consumer liability protections.
Swift’s technology platforms are built to keep your program and data secure. The system’s architecture and processes were all designed with security as the first priority. We equip you with advanced permissions and tracking controls so you can tailor your program’s level of security to match your organization’s needs. Funding, redemption and transaction limits provide an additional layer of fraud protection.
Comprehensive security and fraud protection
- Cards are issued by a $10 billion+ issuer, The PrivateBank and Trust Company
- FDIC insured
- Partner with leading processors and their comprehensive set of integrated fraud and security products and services
- Zero consumer liability in the event of loss or theft
- Remote activation and funding capabilities.
- PCI and HIPAA compliant
- Client-set limits and permissions for funding, card transactions, redemptions and downloads
All of Swift’s prepaid programs are in complete compliance with current regulations. We follow industry best practices, and work to keep up with any changes that affect prepaid cards and similar offerings. For example, we have helped several of our clients comply with escheatment laws by moving from checks to prepaid cards. As credit card regulations and other laws continue to change, Swift will be on the forefront, always ensuring that we adhere to our high standards of both legal compliance and program performance.
