Ibanera, a leading digital banking platform, is tapping into the expertise of global financial services provider FIS to launch its prepaid card program. This collaboration is set to deliver cutting-edge payment solutions tailored for both businesses and individual consumers across the United States.
This new prepaid card program, supported by Visa’s global network, offers users the flexibility to make payments wherever Visa is accepted, granting convenience and security. The program’s unique features include instant issuance, allowing users to receive virtual or physical prepaid cards immediately, and the ability to conduct transactions in multiple currencies, making it ideal for both domestic and international use.
“We are thrilled to have the support of FIS in bringing this robust prepaid solution to market,” said Michael Carbonara, CEO of Ibanera. “Our collaboration is a crucial step in our commitment to delivering innovative, secure, and accessible financial solutions. Whether for managing business expenses or everyday personal use, our prepaid cards offer a seamless payment experience that aligns with the needs of today’s consumers and businesses.”
The collaboration with FIS leverages its extensive experience in the prepaid industry, having processed more than 21.1 billion U.S. card and money movement transactions. This new prepaid card program empowers users with various solutions, including payroll, travel expenses, government payments, and more, while also providing branding opportunities by placing logos on prepaid cards.
In addition to traditional plastic cards, the program offers tokenized cards compatible with major digital wallets, enabling secure mobile payments. Users can also manage and monitor their transactions in real-time through Ibanera’s comprehensive online portal, providing greater control over their finances.
The Ibanera prepaid card program is available to U.S. residents and businesses, offering multiple load options including Fedwire, ACH Direct Deposit, FedNow, P2C, and Visa ReadyLink, ensuring that users have versatile ways to fund their cards.
