CoreCard Offers Prepaid Card Processing with Unique Option: Program Managers have More Control and Flexibility Over Card Processing

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CoreCard Software (http://www.CoreCard.com), a leading provider of card management solutions and processing services, showcases in booth #622 at the Prepaid Expo 2012 its unique benefit to program managers. CoreCard is the first and only company to pioneer the concept of offering its processing clients the option to transition to an in-house licensed software solution without any disruption in program management.

The History of Prepaid

Our CoreProcessing services are built on the same software platform we developed and have licensed to other prepaid processors to meet their needs for quick customization and scalability

CoreCard Software (http://www.CoreCard.com), a leading provider of card management solutions and processing services, showcases in booth #622 at the Prepaid Expo 2012 its unique benefit to program managers. CoreCard is the first and only company to pioneer the concept of offering its processing clients the option to transition to an in-house licensed software solution without any disruption in program management.

This unique option provides program managers maximum flexibility and control as they make the transition. CoreCard facilitates bringing the identically configured software, which was deployed in CoreCard’s processing environment, in-house. Large program managers value the flexibility to choose to outsource their card processing or bring the capability in-house as their business model and capabilities change over time.

CoreCard provides a highly configurable solution that frees innovative program managers to offer the latest prepaid programs. For example, CoreCard provides mobile apps to allow cardholders to access their card data and perform self-service functions via their phones. Mobile apps are instrumental in success of prepaid programs because the target unbanked or under-banked consumers usually lack traditional internet access.

"Our CoreProcessing services are built on the same software platform we developed and have licensed to other prepaid processors to meet their needs for quick customization and scalability," said Leland Strange, CEO of CoreCard. "Our established relationships with issuer banks can help program managers get new programs up and running quickly using our CoreProcessing services.”

In addition to providing cost-effective processing services for many varieties of closed and open loop/network branded cards, CoreCard's prepaid processing solution provides the following benefits to program managers and card issuers:

  •     Full service, end-to-end processing services
  •     Option to transition to an in-house licensed version
  •     Manage changing market trends with highly configurable software and rapid

        response time

  •     Web browser based – no infrastructure investment at customer site
  •     Third party ID verification interfaces
  •     Multi-lingual and multi-currency support

About CoreCard Software, Inc.
CoreCard Software, a leading provider of card management systems and processing services, offers an array of account management solutions to support the complex requirements of the evolving global financial services industry. The CoreCard® software solutions provide the market's most feature-rich platform for processing and managing a full range of card products including prepaid/stored-value, fleet, credit, debit, commercial, government, healthcare and private-label cards as well as accounts receivable and loans. Headquartered in Gwinnett Innovation Park in Norcross, GA with additional offices in India and Romania, CoreCard is a subsidiary of Intelligent Systems Corporation [NYSE Amex: INS]. For more information, call 770-564-8000 or visit http://www.corecard.com.

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Deanna Anderson
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