The Card Collaborative International (TCCI) has finalised a five-year prepaid card servicing deal with TAB Bank.
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The agreement with TAB Bank, a wholly owned subsidiary of FJ Management, is expected to strengthen the foundation for TCCI’s shared services business model.
The shared model has been designed to introduce intuitive prepaid card products to the marketplace, at significantly less capital and time.
TCCI president Shawn Carden said: "TAB Bank is the kind of conservative, yet forward-thinking, issuing bank that TCCI needs to fully execute its business model and excel in the Prepaid space.
"The Operations and Compliance teams of TAB Bank and TCCI collectively represent a depth of experience and knowledge not always available in the Prepaid industry. There is a sense of mutual respect and teamwork that will both support, and drive, the success of TCCI and its member organizations."
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By GlobalDataSource: PRWEB
