In a 2010 survey by Berkeley Payment Solutions, Canadian executives ranked prepaid corporate incentive credit cards and retail gift certificates (or cards) as the rewards they believe are most valued by employees (74% and 55%, respectively).
Disbursements & Payments
A prepaid corporate incentive program is different from picking up some gift cards at the local drug store when the mood strikes. This is a full-fledged managed program that allows businesses to give company-branded Visa cards to customers, business partners, employees or prospects as a reward or to say thanks.
The buzz about network branded prepaid cards began in the incentive industry about 10 years ago; since then, they have grown in popularity as an incentive product. Compared to the first prepaid incentive cards, today’s products are significantly more sophisticated in terms of features and functionality, less costly to implement, and available faster to meet the needs of a broader spectrum of clients.