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Get End-to-End Visibility and Control Over the Entire Payment Card Lifecycle
If you’re running a mass payment program with hundreds or thousands of prepaid card payments a week, how do you track and manage where, when, and how cards are disbursed?
Inventory Manager gives you visibility and control over prepaid cards ordered, cards in-transit, cards allocated to people or regions, or cards assigned to end users / cardholders.
This lets you track and manage which employees “own” which cards, how many cards they’ve disbursed, and where cards are in the entire payments lifecycle.
Stay up to date on your payments program’s health with full visibility into available funds and available card stock, both overall and on a per-campaign basis.
With Inventory Manager, you also get notifications to warn you when employee card or funding levels are low, allowing you to move more budget or order more cards on the fly.
Telecoms create custom payments card campaigns to better target customer acquisitions, drive renewal and upgrade incentives.
Accelerate Disbursements by Tracking Card and Fund Movement in Real Time
Inventory Manager lets you manage each step of the payment card’s lifecycle including:
Card Funding: Funds must be available in an escrow account to load money onto prepaid cards.
Card Stock: For most mass payment programs, plastic or virtual cards must be first purchased in bulk, and used as “stock.”
Cards Ordered: These are cards that have been ordered from available Card Stock, but have not yet been allocated to a User.
Allocated Cards: These are cards that have been ordered and allocated to a named user within an organization who temporarily “owns” the cards. That user can then allocate their cards to other named users, or assign the card to a cardholder who then spends the funds.
Inventoried Cards: These are cards that are available, but have not yet been allocated to a named user.
Assigned Cards: These are cards that been given to a cardholder who then can spend the funds at stores.
In-Transit: These are cards that are in the process of being shipped.
Wyndham Hotels and Resorts uses prepaid Visa cards to incent thousands of new customers to sign up for Wyndham Rewards.
Quantify Program Benchmarks and Track Campaign Success
Inventory Manager and Campaign Manager can be used in concert to manage employee and program performance by tracking card assignment to campaign goals and quarterly benchmarks
- Are employees hitting card assignment minimums in the field?
- Can payment card budgets be reduced in certain geographic areas without impacting customer acquisition rates?
- Which rebate card campaigns provided the best incremental unit sales?
To further drive payment program success, take advantage of data analytics and reporting to mine and extract powerful business insights from millions of payment data points using Insights.
How we work for you
Berkeley manages over $1.5B for forward thinking organizations that pay customers, clients, and employees around the world
Build Campaigns to Customize Payment Card Features and Functionality
The functionality of payment cards in inventory can be customized using Campaign Manager. Campaigns let you configure features, functionality, and budget associated with cards.
This lets you control how much money is available for the overall campaigns, how much can be loaded on cards, how cards are activated in-market, and more. Campaigns are also useful for tracking program results, as all cards assigned to cardholders are attached to a specific campaign.
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Learn About Our Payments Products
Bring your payment solution to life with one or more of our customizable products:
Prepaid Cards
Payout via mail or on-the-spot with different types of Visa and Mastercard prepaid cards
Insights
Mine and extract powerful business insights from millions of payment data points
Questions?
Contact a Payments Expert
1-888-642-2881
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