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volume 8 • fall 2015
the One tO watCh – pROGRam
The program that’s new to prepaid/emerging payments that’s offering a technology, product or service with the potential to move prepaid/emerging payments forward.
e-Spree Virtual Prepaid MasterCard
what it is: The digital version of the successful Spree card—a prepaid MasterCard card devel- oped in 2006 by performance improvement agency P&MM and program manager and processor PrePay Solutions. e-Spree provides an instant, flexible, cost-effective, and international reward and recognition mechanism. It’s also one of the few digital prepaid cards that can be used on the P&MM retail partner Websites.
where you get it: e-Spree is offered as part
of a reward suite of products and provides instant spending capability to all participants choosing the e-Spree virtual card. It’s delivered to the employee or consumer online and is fully redeemable online anywhere MasterCard is accepted.
why it works: e-Spree enables corporations to instantly issue a reloadable prepaid card as part of their staff or consumer engagement pro- grams. No postage or plastic costs ensure that the virtual e-Spree delivers a cost-effective solution that’s also easy to use. A mobile app enhances the user experience.
why it matters: e-Spree can be adapted to open- and restricted-loop redemption and load value. Although virtual cards have existed for some time, e-Spree is the first customizable product delivered instantly and consistently.
differentiators: e-Spree cardholders receive cash back on their spend at a higher rate and with fewer restrictions than any credit card available on the high street, which translates to saving hundreds of pounds (or equivalent) on everyday
P&MM, PrePay Solutions
shopping each year. By going virtual companies are able to tailor the product to their industry, language, culture, brand identity and corporate values—across borders and instantly.
what the judges said: This solution has massive potential given the reach of P&MM and its new parent company Sodexo. The program offers clear benefits to the corporations, but the partners also have worked hard to deliver a simple user experience, which will help advance virtual incentives as a whole.
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