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Prepaid Solutions in Government: Taxpayer Savings with Electronic Products

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Focus Area: Purchase to Pay
Publication Date: 11/01/2013

Prepaid Solutions in Government: Taxpayers Savings with Electronic Products

A Buyer’s Guide

Introduction

Due to the explosive growth of the use of prepaid payments used to displace cash, checks and government vouchers,  PayStream is launching a new Buyers Guide – Prepaid Solutions in Government: Taxpayer Savings with Electronic Products.  A recent ePayments PayStream Advisors survey of disbursement personnel in the public sector revealed that 69 percent are actively seeking to increase the use of prepaid card payments within the next 18 months.>

By moving government payments from paper checks to reloadable prepaid cards, local and national governments save money, demonstrate transparency, reduce fraud and improve service delivery to their constituents.

PayStream Advisors is preparing this research guide on prepaid cards as a good substitute for carrying cash.The cards work like traditional credit cards and offer a safe and secure way to send money, while often offering the same fraud and loss protections. For example, state governments are turning to prepaid solutions as an efficient way to transmit payments for child support, food stamps and unemployment benefits. The federal government and innovative states such as South Carolina have been using prepaid cards for tax refunds to the unbanked.

Audience

The report will be distributed free of charge to finance managers throughout the public sector to help them evaluate the value of prepaid card solutions in simplifying their payment process.

Objective

The primary objective of this report is to highlight the solutions available for  public sector agencies seeking information regarding the automation of payment processes to consumers, taxpayers and other beneficiaries.

Report Scope

The report will cover the following topics:

• Increasing efficiency and security of disbursements to constituents
  

• Improving service to unbanked/underbanked with increased access to mainstream financial services
  

• How consumers save time, effort and gain access to secure electronic payments 

• Prepaid cards and payment transparency

• Consumer benefits such as helping users control their budget without the risk of running up debt

• Data on the reduction of lost checks, and check reissues

• How prepaid cards improve reporting and data management 

Report Sponsorship

If you’re a solution provider in the electronic payments industry, this is a report you don’t want to miss.  Spotlight your solutions’ capabilities in this educational Buyers Guide.

Please contact at 704-405-5983 for sponsorship opportunities.