Prepaid card security features, such as payment controls, online account management and chip-and-PIN, provide worldwide Payza members a safer alternative to cash and credit card transactions.
LONDON, UK — August 10, 2016 — Payza, a leading global payment platform, has expanded the availability of the Payza Prepaid Card to the majority of Payza account holders worldwide. The reloadable Payza Prepaid Card offers an affordable, safe and convenient option for members to utilize funds in their Payza account online, in stores and at ATMs that accept MasterCard.
“We initially launched the Payza Prepaid Card program to a limited group in December 2015 because we wanted to make sure we got it right before we opened the program internationally,” said Firoz Patel, Payza’s global executive vice president. “After several months of working with our test group to find out what features they liked, disliked and really wanted, we were able to build a better, more secure prepaid card that can be used by almost every Payza member wherever they live, work or travel.”
The Payza Prepaid Card, with costs starting at $19.95 USD, is a GPR (general purpose reloadable) prepaid card with chip-and-PIN technology and online account management features to protect the cardholder’s information and funds. From within their Payza accounts, cardholders can transfer funds to and from their Payza wallet, monitor for and report suspicious activity, report a lost or stolen card, and reset their card’s PIN. Because of the chip-and-PIN technology, the Payza Prepaid Card can be used at any global location that accepts MasterCard.
With 30% of global consumers having experienced credit card fraud in the past five years and the cashless economy becoming more and more mainstream, the Payza Prepaid Card is a safer, more convenient alternative to both physical cash and credit cards. Cardholders can safely transact online or in person without the threat of exposing their personal or financial information to potential cybercriminals. If a card is lost or stolen, Payza members can log in to their accounts online or from their smartphones to transfers the funds on their card back to their Payza wallet, and report the card as stolen or misplaced. If thieves or fraudsters do manage to gain access to their card, only the finite funds on the card have the potential of being accessed, not the considerable higher amounts and personal financial information attached to their credit cards. However, should any fraudulent activity take place with a member’s card without their knowledge, the suspicious transactions will be investigated by Payza’s fraud department and reversed.
“Because our users cross generations, continents and occupations, we want to offer them a product that fits their lifestyles,” continues Patel. “The Payza Prepaid Card gives all of our members—our millennials, our underbanked, our freelancers and our online businesses worldwide—a way to easily, and most of all safely, participate in the global online and cashless economy.”
For more information about the Payza Prepaid Card and how to order one, visit the Payza blog.
For information about signing up for a free Payza account, visit https://secure.payza.com/signup.
Payza is a leading online payments technology platform used by licensed entities around the world.
Payza’s highly secure platform provides businesses and consumers with convenient and flexible solutions for sending and receiving payments worldwide. The company offers access to payment services in both traditional and emerging markets, as well as a host of tools and services including: fraud screening, dispute resolution, currency exchange, global payouts and disbursement services. With millions of members, Payza offers its services around the world in 21 currencies, and is proud to provide its merchants around the globe with a complete solution for accepting payments and managing their businesses. More information is available about Payza on its website, www.payza.com, Facebook, Twitter and the company’s blog.