Missouri-based InteliSpend Prepaid Solutions, a provider of business-to-business reward solutions for corporate incentive and consumer promotions programs, has expanded its portfolio of reward solutions through a new relationship with Visa.
The Universal Visa Prepaid Card gives InteliSpend’s customers a new offering to meet their incentive, reward and promotional needs.
InteliSpend said that the Universal Visa prepaid card can be used at any of the 1.6 million ATMs and millions of retailers around the world where Visa debit cards are accepted. InteliSpend will further integrate Visa-branded products into the future portfolio of offerings.
The Universal Visa Prepaid Card is issued by Metabank pursuant to a license from Visa USA.
InteliSpend claimed that it will remain as an independent issuer of prepaid products on the American Express network and also an authorized reseller of American Express-branded prepaid products.
Darryl Hutson, CEO of InteliSpend, said: “We are excited to announce our new relationship with Visa, one of the world’s premier financial brands. The first phase of InteliSpend’s arrangement with Visa allows us to offer more innovative options for our customers, giving them a variety of solutions for their unique business needs.”
Sheree Stewart, vice president of strategic partnerships at InteliSpend, said: “InteliSpend is very encouraged by the Visa arrangement. As we look ahead we’ll be able to broaden our solutions and capabilities—this is what evolving our client’s currency is all about.”
InteliSpend Prepaid Solutions is an independent entity within Maritz Holdings. It is an issuer and reseller of American Express-branded prepaid products and a program manager for Visa. InteliSpend provides businesses with prepaid solutions including stored-value cards, online reward management technology and program management.