Goodwill and Class Action
Simplify the disbursement of funds with security, compliance and control
Physical and virtual prepaid cards are the payment vehicle of choice for customer compensation programs, particularly for large and complex payouts surrounding goodwill, class action, and recall payments.
Visa and Mastercard prepaid cards and virtual cards are easily customized, accepted anywhere in the world and online, and are widely preferred by consumers over other forms of compensation.
Using branded money enhances the payout experience with custom card and collateral design, redemption and claims sites, virtual wallets, cardholder account websites, and more.
Create a program, set the budget, and configure disbursement rules
Set length of promos, customize activation methods, and let consumers only see rebates that they’re eligible for
Choose redemption methods including prepaid cards, virtual cards, and more
Manage and track your team performance by setting up multiple users and permissions
Flexible payment card programs can help you reduce costs with a multitude of solutions:
Intermediary funds during recall events
Large scale class action payouts
Auto industry temporary car rental allocations
50$ Prepaid Visa Cards
80% activation rates
Nissan dealerships hand out prepaid Visa cards to promote test drives, drive foot traffic, and reward service techs
Customize the Payment Experience from End to End
With custom branded cards, you can ensure that your brand remains top of mind and top of wallet throughout the entire payment experience.
Prepaid payments programs can effectively aid in complex class action settlements with a variety of disbursement and management options, including restricted access cards that can only be used at certain locations.
Direct mail or instantly issue physical prepaid cards with generic, logo or fully customized designs
Email customers a virtual card that has all the functionality of a prepaid card, and that can be used to make purchases online or by phone
Issue goodwill or class action payments on-the-spot when consumers return products in-store
Track Card Activity and Spend Behaviour to Understand the Needs of Your Consumer
Dive into a trove of data points to gain valuable insights about consumer behaviour and post-settlement activity
With prepaid card programs, you can track the lifecycle and card activity of each card issued allowing you to follow spend behaviour, transaction data and use it to inform future programs
Employ Insights to see where consumers spend their settlement funds, and use this data to form strategic partnerships Restrict consumers who receive fully custom cards spend their goodwill or settlement money with your brand versus those who received generic cards?
Perhaps you want to know how settlement funds are being spent based on the restrictions and parameters you set on the first card, versus the second unrestricted card? Now you can compare and contrast the two cards data to see how funds were spent
Have some goodwill and class action cards expired? You can recoup unused funds from expired programs so the funds don’t end up as lost dollars thereby reducing risk factors involved in disbursements