Spend Options

Ubiquity: being everywhere. We can’t think of a better way to describe the advantages of using an open loop prepaid card as an incentive or payment vehicle. They can be used like cash at over 30 million merchant acceptance locations worldwide with all of the inherent protections, but without a bank account or credit limit. And when it makes sense to restrict or direct the spend to a particular merchant, group of merchants or merchant category code(s), we can do that, too.

How and where are your prepaid cards spent? Let us help you decide. Open, implied or restricted - either way, Swift will ensure that spend options align with your business goals.

Your Swift spend options:

Open Loop

Cards can be spent at over 30 million merchant acceptance locations worldwide. In certain instances, these cards can be ATM or cash enabled. Easily replaces cash or checks. No special trip to the bank. No activation required. Allows you to target those without traditional checking accounts.

Implied Filtered

These cards are marketed and branded as if they can or should only be used at certain merchants or merchant category code(s), but they can actually be used anywhere the network brand is accepted. This option offers most of the benefits of a true filtered card without licensing fees, and offers consumer flexibility where needed. With implied filtered cards, you can expect to capture anywhere from 50% to 90% of the intended spend.

True Filtered/Restricted Spend

Cards can only be spent at certain merchants or merchant categories. Other transactions will be rejected. Licensing fees apply, but you can direct the spend to meet a myriad number of goals. Wireless companies can restrict the spend to their online stores for redemption of APPS with the purchase of a smart phone. Health and Wellness incentives can be geared toward merchants that promote healthy options. Pharmaceutical companies can restrict cards to drug stores and pharmacies for prescription, co-pay or clinical trial studies. Warranty and insurance claims can be directed for product replacement.

SpendClique™

Swift has introduced a new way to inspire your consumers, employees or partners to action, while directing their spend to meet your business goals with the SpendClique Visa® prepaid card. SpendClique allows you to offer a highly coveted reward that can be redeemed at a select group of more than 200 merchants where Visa debit cards are welcome, including Gap®, Bed Bath Beyond®, Marriott Hotels and Resorts®, Olive Garden® and many more.

SpendClique features custom programs for travel-related destinations and services, excellent dining experiences and a program good at all 200 merchants. Rewards and incentives can be issued instantly or via mail and are redeemable at retail locations, through catalogs or online (spend options vary depending on merchant). Your employees, customers or partners will be able to view available merchants, find customer support, get answers to frequently asked questions and check their card balances via www.spendclique.com. To learn more about SpendClique, click here.