allpay, a UK-based payment service provider, has selected Carta Worldwide, a Canada-based digital transaction processing services provider, to launch three new prepaid programs.
The new programs include an emergency relief programme (instant issuance), a travel expense/corporate card, and a government benefits programme with ‘SmartConnect’.
As part of the partnership, allpay will move its current government disbursement prepaid card programmes to Carta’s fully customisable platform and next-generation processor.
Additionally, allpay’s instant issue and universal credit benefits prepaid card programmes will be improved by Carta’s efficiency, stability along with the highest level of reliability and security.
Using Carta’s platform, allpay will be able to launch new disbursement programs for government agencies with no costly infrastructure investments.
Further, allpay can modify and customise its programmes easily with an online self-service administrative portal per council.
Carta’s technology will allow allpay’s users with features including bill payments and pre-authorised debits and credits.
Furthermore, Raphaels Bank will act as the sponsor bank for these programmes, while allpay’s card manufacturing facility in the UK will manage all the card production and fulfillment.
allpay prepaid director Kevin McAdam said: "We are delighted to partner with Carta Worldwide and launch to the market a highly configurable platform, which is supported by a proven and reliable processing functionality that meets both our immediate needs and also provides us the structure to develop and grow our prepaid portfolio in line with our strategic objectives."
Carta Worldwide CEO Brian Semkiw said: "Adding "its conversion from a legacy system to our next-gen processing platform is exciting for us especially given the vital government services that they provide."