Program managers will find that by eliminating the third party and "software as a service" (SaaS) processors and utilizing OmniProcess will give them greater control over prepaid processing and a lower price.
In 2009, Omni Prepaid will begin to offer prepaid processing services called OmniProcess. We will focus on bringing you targeting prepaid processing solutions no other processing company can offer. As a prepaid industry leader, we are experts in our field and OmniProcess is just one more piece that makes us your end-to-end prepaid solution.
Prepaid cards hold much different data than credit cards and require a more complex process to effectively manage and distribute the collected information. Since prepaid cards can take on many different roles (open loop, closed loop, secure, non-secure, etc.), a prepaid processor is required to verify and manage this dynamic data.
Many credit card platforms are not set up to directly process prepaid activity in real time. It is essential for prepaid transactions to be processed immediately due to limited card balances. When your customer spends the entire balance on the prepaid card you sold to them, your processor must work in real time or there is a chance your customer can continue spending until the processor catches up. With OmniProcess, you are covered with real time processing that only a prepaid processor can do.
- Targeted prepaid processing for open and closed loop cards
- Settlement processing
- Highest level of data encryption within the platform
- Online processing and data management
- Inventory management
- Real time processing of data and transactions
- Real time configurability of your stored value cards
- User verification
- Web services APIs
- Value load monitoring
- Seasonal platform volume management
- Fraud and risk management
- Inventory management
- Non-financial transaction processing (i.e. loyalty programs)
- Signature or PIN authorization
- Reliability and scalability
- 24/7 live support
With the addition of OmniProcess, Omni Prepaid can now offer you and your company network branded card products, processing, fulfillment, and customer service all in one bundled package.
We are currently adding to our list of interested companies. If you have a need for a prepaid processor, please contact us to let us know of your interest. We can begin integration now to ensure a smooth transition when OmniProcess is officially launched.
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