7/25/08 | 7:00 AM

A restricted spend card combines the power of the VISA, MC or Discover processing platform with the ability to direct consumer spending to specific industries, retailers, or locations.

There are significant advantages to a restricted spend card:

Electronic gift certificates
Process returns onto gift cards rather than giving back cash
Generate consumer loyalty
Create incremental sales opportunities
Co-brand with trusted partners

Because of the flexibility of the card, uses are simply too numerous to count. There are many examples of how companies have utilized the capabilities of restricted spend.

Insurance companies can be assured that claim dollars are only being spent at authorized locations.
Pharmaceutical companies can direct consumers to specific pharmacies.
Manufacturers can direct customers to spend rebates only at particular retail distributors.
Automobile dealers can offer a gas card good at any station.
Mall Cards can restrict spend to a group of Merchants or local area

Marketing and co-branding opportunities are numerous. Since the spend can be restricted, companies can drive traffic to trusted business partners, retailers, distributors, or B2B customers while insuring that their money is not being spent at a competitor.

To learn more about restricted spend and how it can benefit your business, call Swift Prepaid Solutions today at 888-457-0600.

Card programs issued by The
PrivateBank and Trust Company pursuant to licences from Visa USA, Inc. and MasterCard International. Discover programs issued by Swift Prepaid Solutions, Inc..pursuant to a license from Discover Financial Services LLC.