Arafatttttt

8/7/2019 Arafatttttt

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Welcome to the

presentation(B-409)

Topic:

Future Banking Lies in Prepaid Debit Cards


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We Are..

Group-08

Name ID

1. Md. Faysalur Rahman Mollah 01

2. Md. Humayun Kabir 07

3. Zakaria Sarker 26

4. Tanvir Ahmed 24

5. Deb Kumar Das 27

6. Sumit Chandra Podder 34

7. Md.Yasir Arafat 62

8. Sakhawat Hossen Sentu 92


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Presenting.Md. Zakaria Sarker

ID # 026


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WhatWe Are Going to Present.


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History of Prepaid Debit Cards

1996- e Commolink- Provide full service of prepaid debit card solution of financial

institutions and American under banked consumers.

On 4th April,2000 US Patent & Trademarks Office served

Nov 1-2001- Various companies, especially trucking firms, for years have offered

employees prepaid debit cards

Apr 7, 2003 BANCOLOMBIA- Promoting prepaid debit cards for consumers

without bank accounts


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History of Prepaid Debit card(Cont..d)

Dec 2005-MetaBank- A federally chartered bank, to be issuing bank for select

prepaid debit card programs running on the various card associations and debit

networks

May 2007-TANF families- Custodial parents will have the opportunityto enroll for

New Mexico's Prepaid DebitCardand receive their childsupport payment.

Nov 2008- iKobo- iKobo Visa Prepaid DebitCardtoits portfolioofprepaid debit

cardproducts which ismanagedvia M2 Global's technology platform.


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Emergence of Prepaid Debit Cards

Traditionaldebitcardsare associated with bank checkingaccounts

held by bankable people

Visa/ MasterCardandmember bankscannotissue normaldebit

cardsto Un-banked people withoutcheckingaccounts. In the recentyears,the Prepaid DebitCardscame into

existence and popularity. The biggestdistinction with PrepaidDebitCardsisthat nochecksare associated with PrepaidDebitCardaccounts.

Prepaid DebitCardsare much safer for the bankstoissue

because:

Alltransactions for these new debitcardsare authorizedonlineagainstaccount balances


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Emergence of Prepaid Debit Cards

World wide acceptance

ATM enabled prepaidcards

Internet, phone,signature and PIN purchases

Cardtocardtransfer,mobile textmessagesor e-mailalert for balance information, realtime SMS phone

messagingandtransaction notification

Sendand receive fundinstantly world wide, 24 hours

Secure access for E-commerce option

No bank account needed


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Md. Humayun KabirID -007


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Prepaid Debit Card Types

Open loop Associated with acertain electronic

payment network

Can be usedatany retailer thatacceptscards fromthat network

Reloadable

Examples : Visa, MasterCard, AmericanExpress


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Prepaid Debit Card Types(contd)

Closedloop

Merchant specific

Can only be used when shopping at

that merchants location

Non-reloadable


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Reloadable Prepaid Debit Card Types

General prepaiddebitcards

Teen cards

Travelcards


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Faysalur Rahman Mollah

Id-01


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Prepaid Debit Card Issuance

Camels Rating system of Jamuna bank Ltd.Presenter:Noor mohammed

ID#12-069


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How it works? ( Real working)

Balance can be loaded any timewhen wished.

Instruction sets in the time of

load

Maximum daily or weeklywithdrawals

Required no information in thename of beneficiary

Parent act as policeman


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How it works? ( Real working)


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Sumit Chandra PodderID: 34


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Prepaid Debit Card Vs Debit Card

Card

Prepaid Debit Card

No bank account required

Money Load

Fund Provider & User Are Different

Fund Provider can monitor, limit & stop its further use

Debit Card

Bank account required

Account Balance

Fund provider & User Are Same

No Restriction from others


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Prepaid Debit Card Applications

General Spending DebitCard

For funds security

ATM cash withdrawalsPurchase at POS

Full-function Visa & MC branded Prepaid

Debit cards can be used for signature-basedpurchases, bill payments & online purchases


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Prepaid Debit Card Applications

Payroll and commission payout Card

Remittance - Funds Transfer within and acrossborders

Affinity Group CardTravel Card

Student Card

Gift Card

Electronic Benefits Payment Card Governmentbenefits

Social Security, Pensions, Payroll etc.


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Costs Associated with Prepaid Cards

Initiation or activation fees

Monthly fees

Pointofsale transaction fees

Cash withdrawal fees

Balance inquiry fees

Transaction statements,including paperandother

Customer service fees

Bill payment fees

Feestoaddor load funds Dormancy fees

Feestogetyour remaining funds whenclosingthe account


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Deb Kumar Das

ID- 27


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Have alook


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Teens Segment (Target People)

Teen-spendinggrowing

Potentialmarket

Nuclearfamily

Parent

Singlechild

Parent

Givingpurchasingpower

Financial

independence

Parent

Monitoringuse

Set limit &restriction


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Prepaid DebitCard MerchantBenefits

A debit transaction can only be completed if sufficient

funds are available in the customers account , so the

merchants payment on an authorized transaction is

virtually assured.

Prepaid Debit Card acceptance also helps merchants byboosting revenue from impulse purchases

Lowering the risk of employee theft ofcash

Offering access to customers who do not have or use

credit cards. In addition, some retail outlets offer cash back on debit

cards so that they can reduce the quantity ofcash on hand

to reduce risk and theft and to reduce cash handling costs.


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Sakhawat Hossen Sentu

ID: 092


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Prepaid Debit Card Consumer Benefits

This payment option quickly and securely movesChecking Account Like funds without the hasslesor risks involved with paper checks.

Security features such as personal identification

numbers (PINs) also protect consumers againsttheft and fraud.

Consumers prefer Prepaid Debit Cards becausethey act virtually the same as cash, only with much

more security This provides the debit card user with an extra

measure of built-in accountability that credit cardusers do not necessarily have.


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Prepaid Debit Card Consumer Benefits

Consumers who make debit card purchases are free

ofinterest charges associated with credit cards.

Funds

Transfer Consumers can conveniently andinexpensively transfer f unds to friends and relatives

anywhere.

Bill Payment & On-line Purchases Un-banked

consumers can pay bills and purchase products andservices on-line or through phone calls

Consumers do not have to worry about being

approved.


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Prepaid Debit Card Consumer

Benefits

You can also get Free Direct Deposit.

Can use for online and phone purchases Easily deposit your tax refund

Prepaid can help reduce waste and paper

Prepaidcan help with healthcare reform


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Tanvir AhmedID No. 24


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Prepaid DebitCard - BenefitsTo Employers

It is easy to start a payroll card program because there is no cost

to employers and very low costs to employees.

Most employees in the world do not have traditional banking

relationships. Paying employees with Prepaid Debit Cards allowemployers to help their un-banked employees establish financial

partnerships.

Conversion to an electronic payroll system (rather than payroll by

cash or checks) can generate as much as 75% in savings to

employers.


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Prepaid Debit Card - Benefits To Employers

Employers achieve major cost reduction not only from the

saving of printing of checks but also through an

enhancement of productivity and efficiency associated with

delivering checks and employees cashing checks. Productivity and employee loyalty are further enhanced

when employees are not concerned about getting their

checks cashed.


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Md. Yasir ArafatId.62


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BuxxVisa

Travel Funds CardAmericanExpress

I-Gen MasterCardMasterCard

International Products


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A cardtrulydesigned for the 13-25 age group andtheir parents

Full parentalcontrol. Safer than cash

Parentscan loadthe cardonline fromtheir own creditcardor

checkingaccount

Instantonline funding,great for emergencies when your childisaway

from home

Ifyour childisin high school,youcan setallowancesandmonitor

his/her spendingonline. Also perfectif he/she istraveling without

you Ifyour childisalreadyin college, he/she can receive free direct

deposits froman employer, write checksandmostimportantlystay

outofdebt

Only $2.99 amonth or $29.95 ayear

Student UPside Visa

Prepaid Card


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Free Prepaid MasterCard

$0 Activation Fee

Free Direct Deposit

Free unlimited purchase /signature transactions

Free accountmanagementonline or with your mobile

phone

Free tocheck your balance with your mobile phone Nomonthly fee when youload $500/month

Sendmoney with your mobile phone

MangoTMMasterCard

Prepaid Card


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Feasibilityin Bangladesh

Potential User of Prepaid DebitCard

University&College

students

Teenagers ofwealthyfamily

BanksOwnCustomer

Travelers


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Feasibility In Bangladesh

Niche Marketing

Present generation children dislike being spied by theirparents

Teaching them financial responsibility

Teaching them the importance of budgeting and planning

according to the supply of money

Parents can act the role of policeman without the consent of

their children

To Change the culture Enjoy Now Pay Letter

Prepaiddebitcardsare notavailable in Bangladesh yet


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