InComm, a prepaid product and payments technology company, has introduced its general purpose reloadable (GPR) card programme, comprising MyVanilla Prepaid Mastercard and MyVanilla Prepaid Visa Cards, on select mobile wallets.
MyVanilla customers in the US can select mobile wallets to execute contactless payments. Available across the US, this alternative money management tool needs a simple and quick registration process with no requirement for any credit check. It can be used in store, online or in app.
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Customers of MyVanilla Prepaid Mastercard can load their cards onto Apple Pay and Samsung Pay while those of MyVanilla Prepaid Visa Card can add their card details onto Android Pay besides Apple Pay, and Samsung Pay.
The mobile wallets use a token service to ensure security during transaction. Further, each transaction is authorised with a one-time unique security code. Customers can have access to advanced wallet-based security and authentication systems to approve payments. .
Following a license by Mastercard, The Bancorp Bank International issues the MyVanilla Prepaid Mastercard. The MyVanilla Prepaid Visa Card is issued by The Bancorp Bank pursuant to a license from Visa USA Inc.
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By GlobalData
