Visa Selects CTL To Process Prepaid Cards
Card Tech Limited (CTL) has been selected by Visa to provide a processing solution for Visa prepaid cards. Under the agreement, Visa will promote CTL's processing solution for the prepaid card programme to its members in the CEMEA region.
Members can enter the prepaid market quickly and have a competitive advantage without the time and expense of modifying their own in-house systems. The CTL system is flexible and can be configured to meet Members own specific requirements. Members can configure the system to issue all types of prepaid cards aimed at different market segments. Visa and CTL have predefined five popular types or prepaid cards: Teen, Gift, Travel, Payroll and Money Transfer.
This agreement does not cover the licensing of CTL's software. Members who are interested in licensing CTL software are free to negotiate directly with CTL. CTL provides card management solutions to more than 150 banks in 60 countries.