Prepaid Cards

At the Core of the Entrepreneurial Bank

Prepaid debit cards and mobile services are unique and practical solutions for almost any payment need. Prepaid cards provide a transparent, cost-effective alternative to cash and checks for governments and businesses, as well as individuals. It democratizes electronic payments for those outside the traditional banking system and also serves the needs of customers who find it an ideal payment tool for segmenting their spending such as travel and online shopping.

As a well-established issuer of prepaid cards, Metropolitan Commercial Bank® occupies a unique position in the General Purpose Reloadable (GPR) prepaid card market: We are one of the few U.S. banks that can issue and be the right partner for the rigorous regulatory and compliance requirements of prepaid cards.

Metropolitan Commercial Bank has been at the forefront of the prepaid card industry for over a decade:

2004 Issued our first self-branded GPR prepaid card, the CashZone Prepaid Visa® Card to help New York Metro unbanked and underbanked families have access to the alternative financial services they wanted and needed
2012 - present Focused our efforts to be one of the key prepaid card issuing banks in the industry.

Our hands-on experience has provided us with invaluable insight into the needs and preferences of program managers. We have the resources to make it easy and simple for you to manage and grow your business successfully.

At Metropolitan Commercial Bank, we offer expertise as both an Issuing Bank and experienced Program Manager of prepaid debit cards.

Issuing Bank

Metropolitan Commercial Bank serves as an issuing bank for prepaid debit card programs nationwide. Highlighted below are the benefits that program managers realize by using us as an issuing bank for their prepaid debit card program.

Principal Member of MasterCard, Plus and Visa (Sponsor of both Visa and MasterCard Programs) with membership in the following regional networks: Accel, NYCE, Pulse and STAR
We provide full program sponsorship for General Purpose Reloadable (GPR), Payroll, Corporate, Incentive, Commission, Rebates, and Gift programs.
Integration with the top prepaid processors in the industry.
Support of e-wallet and mobile programs.
Extensive Regulatory and Compliance support including AML and BSA transaction monitoring.
Provide daily settlement activities including ACH, Third Party Load Networks, ATM Networks and card prefunding activities.

Metropolitan Commercial Bank’s experienced team will work with you from start-up through implementation. We provide the necessary support and oversight to maintain the compliance of your program.

Program Management

Metropolitan Commercial Bank is an experienced program manager and we can offer turnkey implementation of your prepaid debit card program. Highlighted below are the benefits of using Metropolitan Commercial as your program manager.

  • We design and manage programs across a wide range of verticals.
  • Our structure gives us unprecedented flexibility in the features and services we offer.
  • We provide clients with payment programs that reduce cost and enhance operational efficiencies.
  • We offer compliance and regulatory guidance, management tools, training and marketing support.

Our prepaid programs are tailored to innovative programs in multiple verticals including:

  • GPR
  • Government
  • Corporate
  • Payroll
  • Rebates
  • Incentive
  • Healthcare
  • Gift

Our hands-on experience has provided us with invaluable insight into the needs and preferences of program managers. We have the resources to make it easy and simple for you to manage and grow your business successfully.

 

 Team - Phil Skaggs

Learn More About Our Prepaid Card Offerings

For more information regarding Metropolitan Commercial Bank’s Prepaid Card services either as an issuing bank or a program manager, please contact Phillip S. Skaggs, Vice President at 917-200-5405 or send an email.