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.

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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:

With your payments program, configure program parameters to align with both business objectives and reprieve for consumers.

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Intermediary funds during recall events

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Large scale class action payouts

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Replacement funds

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Auto industry temporary car rental allocations

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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.

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PREPAID CARDS

Direct mail or instantly issue physical prepaid cards with generic, logo or fully customized designs

VIRTUAL CARDS

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

INSTANT ISSUANCE

Issue goodwill or class action payments on-the-spot when consumers return products in-store

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To win back the public’s trust, Volkswagen disbursed $100MM to consumers affected by it’s 2015 emissions scandal.

Manage Settlement Parameters for Optimal Disbursement

As you work to issue innovative solutions for your settlement payments, consider setting the parameters of your program within Campaign Manger to ensure all requirements have been met.

Create geographic-specific parameters for settlements that fall within a specific region allowing consumers to spend the card within that region

Limit card load maximums for instant issuance capabilities to ensure that the right people are getting the right money

Restrict MCC codes for programs that require/allow for consumers to spend the settlement funds at merchant category specific locations

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

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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

How we work for you

Berkeley manages over $1.5B for forward thinking organizations that pay customers, clients, and employees around the world

Trusted By

LG
google
Purolator
HP
Rogers
Hyundai
Maple Leaf
GM
Danone
Energizer
Pfizer
Huawei
Riobel
part source

Like this Solution?

Learn about products that bring your payments solution to life:

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Prepaid Cards

Payout via mail or on-the-spot with different types of Visa and Mastercard prepaid cards

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Virtual Cards

Payout via email with flexible virtual Visa and Mastercard prepaid cards

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API

Payout via your own systems to enhance and scale your payment capabilities

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Instant Issuance

Pay individuals in real time and on-the-spot

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Campaign Manager

Build and manage multiple ongoing payments program

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Inventory Manager

Track and manage your payment card lifecycle from end-to-end

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Discovery

Get a deep dive into your business’s strategic payment needs

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Insights

Mine and extract powerful business insights from millions of payment data points

Questions?

Contact a Payments Expert
1-888-642-2881

Customer Testimonials

Berkeley is an excellent solution provider. They were very helpful and accommodated all of our payment needs.

Invictus Games 2017

We needed a partner who could help us design a program to meet the needs of a diverse, informed, and critical membership. Berkeley is a great partner and we’re proud of our prepaid Member Rewards Card program.

The Human Resources Professionals Association

I'm familiar with many prepaid solution providers, and Berkeley is excellent. They're keen, enthusiastic, and the most innovative player in the marketplace.

Core Loyalty

The province’s emergency cards promote dignity and choice by allowing beneficiaries to determine their own needs, help stimulate local economies where emergency goods and services are already available, and support Canada’s pre-existing social safety net system.

Good.is

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