News Column

Primax Provides More Robust Prepaid Solutions for Its Financial Institution and Business Clients

August 12, 2014



WAKEFIELD, Mass.--(BUSINESS WIRE)-- Primax, a premier provider of debit and credit card issuing and merchant acquiring programs, products and services today announced that it now offers prepaid solutions for financial institution and business clients with prepaid options that are designed to enable banks, credit unions and businesses to provide affordable, customizable rewards and incentives to their employees, clients and prospective clients. Primax prepaid solutions are designed to be used as reward, recognition, sales incentive, and consumer promotion vehicles. The cards can be customized with the client’s logo/company name, the card recipients name and a short message. Cards are predenominated in any amount the client chooses up to $500. Options include a card that can be spent anywhere except at casinos, gas pumps and ATMs and another card option in which the value can be spent at any of nearly 200 of the most popular U.S. merchants. These prepaid cards cannot be used at ATMs or sold to consumers.

“Primax looks to provide its clients with products that differentiate them in the marketplace,” said Ted Keith, President & CEO of Primax. “Prepaid cards add to our client’s competitive edge and enable them to creatively and affordably reward and incentivize their most important constituents – their employees and clients.”

Primax customizable prepaid solutions help program holders set themselves apart from their competitors and include Customer Service assistance via a phone number listed on the card back. Customer Service assists program holders and recipients with inquiries including on card balance, point of sale issues, activation, disputes, and on updating of demographic data.

About Primax

Headquartered in Wakefield, Massachusetts, and founded in 1981, Primax partners with financial institutions and businesses throughout the United States to implement exceptional, customizable credit, debit and private label card programs with a high degree of control, and supports these programs and merchant acquirers with back office functions, outstanding customer care and the on-going support needed for success. For more information visit primax.us.



Primax

Patricia Piraino, 781-756-8204

Senior Marketing Coordinator

ppiraino@primax.us

Source: Primax


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