Managing the Liquidity Crisis with Prepaid

07/02/20 • 29 min

The COVID19 pandemic has created new challenges for individuals, businesses, and government agencies as they try to manage money and deliver payroll or benefits.

Prepaid cards have filled gaps for a variety of payments, and in this episode Lori Breitske and Jerry Uffner, from payments processor FIS, explain how. They talk about how prepaid has been used for everything from school lunch benefits to payroll.

This podcast contains an edited extract of the audio portion of a Webinar presented by the IPA and FIS.

You can find a video of the full Webinar at our site or on our YouTube channel here: https://www.youtube.com/watch?v=Frip4dcVViw

Interested in becoming an IPA member and helping to shape the future of payments? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.

The COVID19 pandemic has created new challenges for individuals, businesses, and government agencies as they try to manage money and deliver payroll or benefits.

This podcast contains an edited extract of the audio portion of a Webinar presented by the IPA and FIS.

You can find a video of the full Webinar at our site or on our YouTube channel here: https://www.youtube.com/watch?v=Frip4dcVViw

Interested in becoming an IPA member and helping to shape the future of payments? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.

Previous Episode

Prepaid Benefits Have International Appeal

As countries struggle to help their citizens deal with the economic fallout of the COVID19 pandemic, many are finding that prepaid cards and accounts offer a fast and convenient way to support people.

In this episode, we talk with Jennifer Tramontana of the Canadian Prepaid Providers Association, Matthias Spangenberg of Prepaid Verband Deutschland, Diane Brocklebank of the Prepaid International Forum, Kevin McAdam of Global Processing Services, and Brian Tate of the Innovative Payments Association.

We cover how prepaid cards have been used to distribute benefits in various countries. We talk about the regulatory response to the crisis and prepaid’s role in relief. We also cover the future of payments in general and the future of cash in particular. While the world is in constant flux, it is safe to say that more things change, the more some things will stay the same.

To learn more about the Canadian Prepaid Providers Organization, visit: https://cppo.ca/

To learn more about the Prepaid International Forum, visit: https://prepaidforum.org/

To learn more about the Prepaid Verband Deutschland (German Prepaid Association) , visit: https://www.prepaidverband.de/en/

To learn more about Global Processing Services, visit: https://globalprocessing.net/

Interested in becoming an IPA member and helping to shape the future of payments? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.

Next Episode

Will Cash Survive COVID 19?

COVID19 has led to speculation that the pandemic could be the catalyst for the arrival of the cashless society.

Stay-at-home measures and pandemic fears have led to an increase in online shopping. At the same time, some brick and mortar merchants are refusing cash as a defense against germs. But consumers haven’t abandoned cash just yet.

Rachel Huber, senior analyst in payments at Javelin Strategies and Research completed a study on the health of cash for ATM provider Cardtronics in late 2019. Given the pandemic, the company thought that she should do another survey to see how the pandemic changed things.

In our conversation, we talk about what happen to cash usage, who uses cash, and the growth of contactless payments. Some of the findings were counterintuitive. You can hear about how things are playing out in the episode and find the complete study at:https://www.cardtronics.com/landing/HealthOfCash.aspx#:~:text=Cardtronics%20sponsored%20Javelin%20Strategy%20and%20Research%20to%20conduct,COVID-19%20pandemic%20and%20economic%20response%20in%20April%202020.

Interested in becoming an IPA member and helping to shape the future of payments? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.