DEBIT CARD TRANSACTIONS ECLIPSED CREDIT CARDS IN 2003. BY 2006, THERE WILL BE MORE DEBIT CARD ACCOUNT HOLDERS AND CARDS THAN CREDIT CARD EQUIVALENTS. AND BY 2007, DEBIT CARD SPENDING WILL DOUBLE FROM TODAY’S LEVELS, ACCORDING TO THE NILSON REPORTS. - Banking Strategies – May 7, 2004

The Prepaid Industry Is Growing
18,000 new stored value cards per day are currently being issued to consumers. Why? Because the world is becoming a cashless society. In fact, the current debate is whether PIN–based debit cards will overtake signature-based debit cards. According to the Pelorus Group, the growth in prepaid debit cards will come from an estimated 50 million U.S. adults that do not possess credit cards and the 10 million unbanked households. In addition, many corporations want to shift more of their employees to automatic direct deposit in order to cut administrative costs, but are hindered by the fact that many employees lack bank accounts. Considering that the prepaid debit card industry is going to double in size from 2004 to 2007, now is the time to cash in on the stored value card business. And MCC has the Card Products and Card Programs for your business to cash in on!

The Stored Value Card Market Has Mushroomed In the Last Few Years
A series of reports on the SVC industry by the Center for Financial Services Innovation (CFSI) finds that, while still small overall, the SVC market has mushroomed in the last few years. Of the $157 billion loaded onto all prepaid products in 2003, Mercator Advisory Group estimates that general purpose SVCs accounted for 15%, or $23.5 billion.
Banking Strategies – May/June 2005

The Stored Value Card Market Has Diversified Into 6 Major Market Segments

Payroll Is The Largest Growth Segment With 42% Market Share

The Payroll Segment Is Expected To Double By 2007

MCC has the Reloadable Stored Value Card Programs for your company to resell. Choose from a variety of Programs, including: Payroll, Commission Payments, MLM Agent Payments, Procurement, Travel & Expense, Merchant Payments, Mall, Benefits, Retail and many more.

Our suite of Prepaid Stored Value Cards include domestic and international, branded and non-branded ATM and signature debit cards. The domestic Visa® Prepaid Debit Card has been highly regarded by employers and employees as well. Or if you need an instant issue ATM Stored Value Card, choose our Gold ATM Card that works on the STAR and PLUS networks. Of course, if your needs are for a branded International Visa® Electron Card that has offshore banking and instant issue, look to our International Visa® Card. Whatever your needs are, MCC has the Products and Programs for you.

With MCC’s Online Money Management (OMM) payment system and Card Management System (CMS) for cardholders, your customers will be able to load money and fund their Prepaid Debit Cards with the click of a mouse. MCC’s Online CMS also allows your debit card cardholders to check their balances, pay bills and transfer money from one debit card to another debit card, or their checking accounts.

Resellers Can Benefit From These MCC Advantages:

Domestic Card Programs
International Card Programs
Private Label Programs
MCC Online Money Management (OMM) Payment System
MCC Online Card Management System (CMS)
Domestic Loading Solutions
International Loading Solutions
Commissions On Card Sales
Ongoing Card Transactional Commissions
No Commission Caps