Payment solutions provider Payment Data Systems has opened its fully digital card platform to third party businesses and developers. The announcement was made at the recent Money20/20 conference in Las Vegas.
Payment Data Systems’ digital card platform technology supports the Akimbo Prepaid MasterCard and Akimbo Gift MasterCard. The company said it is unique in that it supports real-time provisioning of reloadable prepaid debit cards to mobile wallets.
“For businesses and banks interested in leveraging this technology, Akimbo demonstrates how a customer can sign up for a new account and have a card in their Apple Wallet moments after completing the enrollment process,” SVP of prepaid products Houston Frost said. “There’s no longer the need to wait for a plastic card to arrive in the mail before being able to use the prepaid account.”
The Akimbo platform provides instant issuance and real-time delivery of gift and incentive cards and allows people to send customizable gift, incentive and reward cards via text or email. Physical cards can be requested or digital ones sent via mobile application. The latter results in as much as 90 percent cost savings.
The Akimbo Card is available on the App Store and Google Play and can be used with Apple Pay, Android Pay and Samsung Pay.