LONDON, February 26, 2013 /PRNewswire/ --
Co-branded Prepaid Solution Delivers
Bonus/Incentive Payments to Renault Agents
Prepaid Financial Services (PFS), a leading provider of global
prepaid solutions and a preferred MasterCard® supplier, has
announced the launch of
SODICAM[2] corporate
incentive prepaid card in France.
The prepaid card reflects a collaboration between PFS, Corpedia
Financial, the issuing bank IDT Financial Services LTD (IDTFS), and
SODICAM[2], a
division of Renault. The card will provide a quicker and more
attractive mechanism for making incentive and bonus payments to
staff working in Renault garages and showrooms across France.
The SODICAM[2] prepaid card is
a MasterCard branded Euro currency card and will be loaded with
funds and distributed to Renault agents by the
SODICAM[2]team. Once loaded and
activated, the card can be used at over 32 million retailers and 2
million ATM's around the globe, wherever users see the MasterCard
Acceptance Mark.
SODICAM[2] cardholders can
voice activate their card and manage their prepaid card account via
the dedicated account portal on the Corpedia website.
Noel Moran, CEO
of PFS stated: "Prepaid cards are a
well-established mechanism for delivering incentive payments as
they drive motivation and engagement, whilst
presenting employees with a flexible,
tangible reward of choice. This is another
prestigious launch for the PFS Team and we
are delighted to be teaming up with
Corpedia Financial and
Renaultin bringing this innovative
incentive product to
Renault agents across France. The
corporate prepaid market in France is
underdeveloped/underserved and represents a massive
opportunity for PFS and our clients in 2013."
Kilian Fug, CEO of Corpedia Financial
commented "Prepaid incentive cards are a very
powerful meansto recognize
performance, drive sales and build brand awareness. The
launch was a great success and the cards
have been very well received by the Renault employees,
which underlines the high potential of this
product in France. All the more so as this
programme was initially intended
to be a unique
operation but has been extended to all
their incentive operations, in substitution of
their coupons and gift certificates."
Daniel Spier, Managing
Director at IDT Financial Services, LTD,
commented, "We are delighted to have
helpeddevelop this exciting new product for
Renault. It has been launched in record
time which speaks to the professionalism
and experience of all
parties involved."
Corporate incentive cards are an excellent mechanism for
reinforcing the corporate brand and provide benefits that other
corporate gifts simply cannot provide. Furthermore, it is possible
to brand cards in line with the theme of the incentive scheme to
ensure all communication is consistent with corporate branding
guidelines. The prepaid card then becomes a payment vehicle
that is repeatedly presented at the point of sale and reinforces
the corporate brand.
The SODICAM[2]launch follows
hot on the heels of the Corpedia Instant Issue prepaid card launch,
earlier in the year. Find out more about the Corpedia instant issue
prepaid card at http://www.corpedia.fr.
Over the last 3 years, PFS has developed substantial expertise
and partnerships geared to provide prepaid card solutions to SME's
and Blue Chip multinationals in France and delivered a number of prepaid card
propositions in the French market. PFS recently announced the
signing of a strategic partnership with Deutsche Card Services
(DeuCS) to develop and deliver innovative prepaid card solutions
across Europe. Find out more at
http://www.prepaidfinancialservices.com.
Notes to Editors
About Prepaid Financial Services:
Prepaid Financial Services (PFS) Ltd. is a leading prepaid
program manager operating out of the UK, has live programmes in 10
currencies, and is recognised as a specialist supplier to the
prepaid industry globally. PFS are FSA regulated and manage
program's processing millions of transactions every week. Our
products are utilised by governments, blue chip corporations, SME's
and individual consumers utilising our cutting edge, secure
technology.
About Corpedia Financial:
Corpedia Financial is a major player in the French prepaid arena
and markets innovative payment solutions for individuals and
companies in partnership with recognized financial institutions. By
offering products covering the entire prepaid universe, Corpedia
Financial delivers solutions tailored to the whole consumer demand
in France.
More information can be found at http://www.corpedia.fr
About IDT Financial Services
Limited:
IDT Financial Services Limited (IDTFS) is a regulated bank,
licensed by the Financial Services Commission (FSC), Gibraltar, under the Banking Act 1992.
IDTFS has passported its license authorizing it to provide payment
services and issue electronic money across the whole of the
European Economic Area (EEA). IDTFS is a principal member of
MasterCard® International Incorporated and of Visa Europe Limited.
IDTFS is a subsidiary of IDT Corporation (NYSE: IDT). IDT is
a global provider of telecommunications and financial
services. IDT's retail products allow people to communicate
and share financial resources around the world.
For any further information please go to
http://www.idtfinance.com or call +350 200 79616
About Renault
SODICAM[2]:
Sodicam² is a wholly-own subsidiary of the Renault group, which
since 1975, recruits, trains and drives its sales force for
automobile parts and accessories.
Thanks to its values and the skills of its team, the company is
known and recognized as the leading actor of the French automobile
aftermarket.
More information can be found at: http://www.sodicam2.fr
For more information, go to
http://www.prepaidfinancialservices.com or call
+44(0)20-7125-0321.
SOURCE Prepaid Financial Services