Welcome to the

presentation
(B-409)

Topic:
Future Banking Lies in Prepaid Debit Cards
 We Are…..
Group-08
Name ID
1. Md. Faysalur Rahman Mollah 01
2. Md. Humayun Kabir 07
3. Zakaria Sarker 26
4. Tanvir Ahmed 24
5. Deb Kumar Das 27
6. Sumit Chandra Podder 34
7. Md.Yasir Arafat 62
8. Sakhawat Hossen Sentu 92
 Presenting….
Md. Zakaria Sarker
ID # 026
What We Are Going to Present….
 History of Prepaid Debit Cards
1996- e Commolink- Provide full service of prepaid debit card solution of financial
institutions and American under banked consumers.

On 4th April,2000 US Patent & Trademarks Office served

Nov 1-2001- Various companies, especially trucking firms, for years have offered
employees prepaid debit cards

Apr 7, 2003 – BANCOLOMBIA- Promoting prepaid debit cards for consumers

without bank accounts
 History of Prepaid Debit card(Cont..d)

Dec 2005- MetaBank- A federally chartered bank, to be issuing bank for select
prepaid debit card programs running on the various card associations and debit
networks

May 2007-TANF families- Custodial parents will have the opportunity to enroll for
New Mexico's Prepaid Debit Card and receive their child support payment.

Nov 2008- iKobo- iKobo Visa Prepaid Debit Card to its portfolio of prepaid debit
card products which is managed via M2 Global's technology platform.
 Emergence of Prepaid Debit Cards
 Traditional debit cards are associated with bank checking
accounts
held by bankable people
 Visa/ MasterCard and member banks cannot issue normal
debit
cards to “Un-banked” people without checking accounts.
 In the recent years, the “Prepaid Debit Cards” came into
existence and popularity. The biggest distinction with “Prepaid
Debit Cards” is that no checks are associated with Prepaid
Debit Card accounts.
 Prepaid Debit Cards are much safer for the banks to issue
because:
 All transactions for these new debit cards are authorized
online against account balances
 Emergence of Prepaid Debit Cards

World wide acceptance

ATM enabled prepaid cards
Internet, phone, signature and PIN purchases
Card to card transfer, mobile text messages or e-mail
alert for balance information, real time SMS phone
messaging and transaction notification
Send and receive fund instantly world wide, 24 hours
Secure access for E-commerce option
No bank account needed
Md. Humayun Kabir
ID -007
 Prepaid Debit Card Types
Open loop
• Associated with a certain electronic
payment network
• Can be used at any retailer that
accepts cards from that network
• Reloadable
Examples : Visa, MasterCard, American
Express
 Prepaid Debit Card Types(contd)

Closed loop
Merchant specific
Can only be used when shopping at
that merchant’s location
Non-reloadable
Reloadable Prepaid Debit Card Types

General prepaid debit cards

Teen cards
Travel cards
Faysalur Rahman Mollah
Id-01
Prepaid Debit Card Issuance

Camels Rating system of Jamuna

bank Ltd.
Presenter:
Noor mohammed
ID#12-069
How it works? ( Real working)
How it works? ( Real working)
Sumit Chandra Podder
ID: 34
Prepaid Debit Card Vs Debit Card
Prepaid Debit Card Applications
General Spending Debit Card
 For funds security
 ATM cash withdrawals
 Purchase at POS
 Full-function Visa & MC branded Prepaid
Debit cards can be used for “signature-based”
purchases, bill payments & online purchases
 Prepaid Debit Card Applications
 Payroll and commission payout Card
 Remittance - Funds Transfer within and across
borders
 Affinity Group Card
 Travel Card
 Student Card
 Gift Card
 Electronic Benefits Payment Card – Government
benefits
 Social Security, Pensions, Payroll etc.
Costs Associated with Prepaid Cards
• Initiation or activation fees
• Monthly fees
• Point of sale transaction fees
• Cash withdrawal fees
• Balance inquiry fees
• Transaction statements, including paper
and other
• Customer service fees
• Bill payment fees
• Fees to add or “load” funds
• Dormancy fees
• Fees to get your remaining funds when
closing the account
Deb Kumar Das
ID- 27
Have a look…
Teen’s Segment (Target People)
Prepaid Debit Card – Merchant Benefits
 A debit transaction can only be completed if sufficient
funds are available in the customer’s account, so the
merchant’s payment on an authorized transaction is
virtually assured.
 Prepaid Debit Card acceptance also helps merchants by
boosting revenue from impulse purchases
 Lowering the risk of employee theft of cash
 Offering access to customers who do not have or use credit
cards.
 In addition, some retail outlets offer “cash back” on debit
cards so that they can reduce the quantity of cash on hand
to reduce risk and theft and to reduce cash handling costs.
Sakhawat Hossen Sentu
ID: 092
Prepaid Debit Card – Consumer Benefits
 This payment option quickly and securely moves
“Checking Account Like” funds without the hassles
or risks involved with paper checks.
 Security features such as personal identification
numbers (PINs) also protect consumers against
theft and fraud.
 Consumers prefer Prepaid Debit Cards because
they act virtually the same as cash, only with much
more security
 This provides the debit card user with an extra
measure of built-in accountability that credit card
users do not necessarily have.
Prepaid Debit Card – Consumer Benefits

 Consumers who make debit card purchases are free

of interest charges associated with credit cards.
 Funds Transfer – Consumers can conveniently and
inexpensively transfer funds to friends and relatives
anywhere.
 Bill Payment & On-line Purchases – Un-banked
consumers can pay bills and purchase products and
services on-line or through phone calls
 Consumers do not have to worry about being
approved.
 Prepaid Debit Card – Consumer
Benefits
 You can also get Free Direct Deposit.
 Can use for online and phone purchases
 Easily deposit your tax refund
 Prepaid can help reduce waste and paper
 Prepaid can help with healthcare reform
Tanvir Ahmed
ID No. 24
 Prepaid Debit Card - Benefits To Employers
 It is easy to start a payroll card program because there is no cost
to employers and very low costs to employees.
 Most employees in the world do not have traditional banking
relationships. Paying employees with Prepaid Debit Cards allow
employers to help their ‘un-banked’ employees establish financial
partnerships.
 Conversion to an electronic payroll system (rather than payroll by
cash or checks) can generate as much as 75% in savings to
employers.
 Prepaid Debit Card - Benefits To Employers
 Employers achieve major cost reduction not only from the
saving of printing of checks but also through an
enhancement of productivity and efficiency associated with
delivering checks and employees cashing checks.
 Productivity and employee loyalty are further enhanced
when employees are not concerned about getting their
checks cashed.
Md. Yasir Arafat
Id.62
International Products
 Student UPside Visa®
Prepaid Card
• A card truly designed for the 13-25 age group and their parents
• Full parental control. Safer than cash
• Parents can load the card online from their own credit card or
checking account
• Instant online funding, great for emergencies when your child is
away from home
• If your child is in high school, you can set allowances and monitor
his/her spending online. Also perfect if he/she is traveling without
you
• If your child is already in college, he/she can receive free direct
deposits from an employer, write checks and most importantly stay
out of debt
• Only $2.99 a month or $29.95 a year
 MangoTM MasterCard®
Prepaid Card
• Free Prepaid MasterCard
• $0 Activation Fee
• Free Direct Deposit
• Free unlimited purchase / signature transactions
• Free account management online or with your mobile
phone
• Free to check your balance with your mobile phone
• No monthly fee when you load $500/month
• Send money with your mobile phone
Feasibility in Bangladesh
 Feasibility In Bangladesh
Prepaid debit cards are not available in Bangladesh yet

• Niche Marketing
• Present generation children dislike being spied by their
parents
• Teaching them financial responsibility
• Teaching them the importance of budgeting and planning
according to the supply of money
• Parents can act the role of policeman without the consent of
their children
• To Change the culture “Enjoy Now Pay Letter”