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Prepaid Card Solutions

Prepaid cards allow quick and secure disbursement of payments to individuals via a network-branded card, Visa® or MasterCard®. They are rapidly becoming the disbursement vehicle of choice for corporations looking to maximize payment efficiency, minimize the cost and inconvenience of paper checks and deliver an easy-to-use pay alternative to payees. Payment recipients easily access their available funds by using the card to make purchases (in person or online) at millions of locations and withdraw cash at thousands of ATMs.

J.P. Morgan has processed nearly half a trillion dollars worth of prepaid payments and helped more than 1,500 clients implement and manage successful prepaid payment programs to become the largest prepaid card issuer in the United States. We maintain one of the largest ATM networks in the United States providing convenient service to cardholders. Whether establishing prepaid programs to pay your employees, reward your customers, or disburse insurance or benefit payments, J.P. Morgan can help.

Our prepaid solution for corporations is an easy-to-implement, cost-effective and secure utility that supports virtually any corporate prepaid payment scenario. J.P. Morgan delivers a turnkey solution including card production and distribution, financial transaction processing, 24/7 cardholder and client support, compliance with state abandoned property laws, and more. Clients also have access to the Prepaid Resource Center – a website housing a complete set of ready-to-use, bilingual multimedia materials to support program launch and promotional efforts. With more than 20 years of prepaid experience, J.P. Morgan will help you succeed in meeting your goals.

We offer a robust suite of prepaid offerings. Select one application or bundle several programs to meet your organizational needs.

Workforce
Safely and efficiently electronically deposit recurring or on-the-spot payments to employees, temporary workers and agents, even those without a bank account or have a poor credit score. Applications include payroll, employee rewards and recognition, purchasing, expense reimbursement/per diem and termination pay.

  • Provide direct deposit alternative for unbanked and underserved employees
  • Efficient means of paying temporary employees and consultants
  • Enable employees to purchase goods and services on behalf of the company
  • Reimburse employees for business expenses quickly and efficiently
  • Motivate teams by providing “on-the-spot” awards

Incentive
Offer a network-branded prepaid purchase incentive to customers and gain efficiency, in-wallet brand placement and cost savings.

  • Provide consumer rebates for goods and services
  • Encourage a specific purchase type or purchases that reach a defined threshold
  • Enable service firm consumer refunds
  • Reward consumers for their loyalty or frequent purchases by loading multiple rewards to their cards or as a one-time thank you

Insurance and Benefit Payments
Quickly and easily make insurance claim and benefit payments to policyholders. A prepaid card can be used for one-time or recurring payments to insured parties.

  • Distribute funds for policyholder claims
  • Deliver cardholder funds on an as needed basis for complex insurance claims
  • In the event of a natural disaster, offer policyholders immediate access to funds
  • Allocate benefit-related funds to recipients on a per-diem or recurring basis

Supported by Chase, our retail card business, J.P. Morgan offers both single load and reloadable products. Clients can fund cards via ACH or a secure web portal. Comprehensive online reporting is available. Cardholder support is available 24/7 via web, toll-free customer service, and text and email alert.

J.P. Morgan is a member of the Network Branded Prepaid Card Association (NBPCA).

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