American Express Incentive Services has changed its name to InteliSpend Prepaid Solutions. The name change comes roughly three months after Maritz Holdings purchased American Express Company's minority interest in AEIS.
InteliSpend will offer the same American Express branded prepaid products and services it always has, including its patented DirectSpend product suite.
InteliSpend will remain an independent issuer of prepaid products on the American Express network and also an authorized seller of American Express-branded prepaid products.
Darryl Hutson, CEO of InteliSpend Prepaid Solutions, said: “We are excited about our new identity, InteliSpend Prepaid Solutions. In the short term our clients and cardholders can expect business as usual, but this evolution also signals our expanding capability to deliver innovation.
“For the past 13 years, we have helped our clients manage complex, cutting-edge prepaid programs. InteliSpend is now better positioned than ever to deliver more intelligent prepaid solutions at lower costs and with greater results.”