November 9, 2011

InteliSpend Prepaid Solutions expands offerings in Canada

ST. LOUIS -- InteliSpend Prepaid Solutions today expanded its offerings with the introduction of the company’s Universal Visa Prepaid Card in the Canadian market. Funded in Canadian dollars, this new prepaid card gives Canadian companies and companies with a Canadian presence an easy and memorable way to reward employees, drive sales and deliver effective consumer promotions.

The new Universal Visa Prepaid Card is an incentive for reward programs in which maximum redemption choice and international spending power is important. It can be used at all merchants that accept Visa cards, including international locations. In addition to spending freedom, the new card boasts higher than industry standard load limits for personalized cards and customization options for company branding. Cards are also available in either preset amounts or as reloadable cards.

“This product has lots of intelligent features that differentiate it from others on the market,” said Darryl Hutson, CEO of InteliSpend, “but what makes it a really competitive offering is that it transforms InteliSpend into a one-stop shop for multinational companies. Now that we have the Universal Visa Prepaid Card in Canada, our clients have one place to go for products funded in both U.S. and Canadian dollars.”

InteliSpend expanded its portfolio with the U.S.-based Universal Visa Prepaid Card last year.

“We are pleased to work with InteliSpend to expand their U.S. program into Canada,” says Sue Whitney, head of new products, Visa Canada. “Prepaid solutions offer flexibility that is ideal for delivering employee rewards programs.”

In Canada, the Universal Visa Prepaid Card is issued by Peoples Trust Company pursuant to a license from Visa Inc.




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