Prepaid debit programs put your brand at the center of your audience’s financial life.
Affinity credit card programs have been a part of the financial landscape for years, awarding consumers who used a co-branded credit card with relevant rewards for their spend activity and debt creation.
Today’s tight credit market and consumer frustration with traditional retail banking has created an opportunity to offer affinity reward programs that don’t require debt creation to earn reward value.
Affinity prepaid debit accounts are standalone FDIC insured accounts that can act in place of (or in addition to) a consumer checking account and offer aggressive and attainable rewards to cardholders. Synchology’s prepaid debit accounts feature unique and innovative benefits that can be used to enhance brand affinity and drive audience loyalty.
Key features:
- Visa, MasterCard and Discover programs available
- your branding on all card and account elements
- cash based everyday spend account
- FDIC insured
- guaranteed approval / no credit check
- easy to use budgeting tools
- accepted nearly everywhere
Audience Benefits
Money Management
- transaction categorizing and tagging
- fixed and discretionary budget management
- spending trend reporting
- user defined text and email alerts
- free bill payment
Brand Affinity
- “bank with your favorite brand”
- multiple relevant reward earning opportunities
- multiple relevant reward redemption opportunities
Brand Benefits
- brand loyalty
- new revenue stream
- top of wallet brand presence
- trend level data mining and reporting
- on-demand card printing and fulfillment
- new offer / deal channel
- significant 3rd party reward funding
- turn-key reward fulfillment
Please note: Our accounts are not linked to 3rd party consumer checking accounts as with decoupled debit programs. Cards may certainly be linked to 3rd party accounts for funding purposes.