Payment Data Systems Launches Next-Gen Stream Prepaid MasterCard

FiCentive, a wholly-owned subsidiary of Payment Data Systems

, today announced the launch of the Stream Prepaid MasterCard [www.streamprepaid.com], which offers businesses a convenient and instant way to make cash disbursements. The Stream Card is a next-generation, reloadable, prepaid debit card that will be marketed through various business partners to their customers, contractors and employees. The full-featured, consumer prepaid card offers the acceptance of a major payment network and a novel value proposition - it provides businesses a platform to instantly disburse cash, whether it is commissions, rewards or other payments. This means that funds can be made available to the recipient at least a day earlier when compared to traditional ACH transfers. The Stream Card can also be co-branded or white-labeled, depending on the application and needs of the business partner. Cardholders will have instant access to funds loaded by the business everywhere debit MasterCard is accepted and can also use the card as an alternative or companion to a bank account. Because cardholders voluntarily enroll for a Stream Card using their personal information, they have the ability to deposit their own funds to the card via direct deposit, bank transfer, cash-loading at retail locations, and mobile check-capture. "The Stream Card is the first of a series of new solutions to be offered by Payment Data Systems which will increase the speed and convenience of money disbursements and outgoing payments," said Louis Hoch, President and COO. "This solution combines FiCentive's front-end technology with Payment Data's back-end processing capabilities, which allows us to bring some exciting payment solutions to the marketplace." Payment Data Systems believes the Stream Card is an ideal solution for the sharing economy and crowd-funding, as well as traditional businesses such as insurance companies and sales agencies, which make regular payments to individuals. "We're building better solutions for transferring money," said Houston Frost, SVP of Corporate Development. "Imagine if you're a rideshare driver and you could receive the money from a fare in seconds after you've dropped off a ride. You could immediately use those funds via your Stream Card to fill up your car or grab lunch. Today, these funds take days before they're available to drivers." The Stream Card offers a single, streamlined, financial account and payment card that can be managed online and with mobile devices by using a fully adaptive web application. Companies interested in offering the Stream Card can inquire through the website at www.streamprepaid.com. "Stream," "Akimbo" and "FiCentive" are registered trademarks of FiCentive, Inc. © 2015. All other trademarks and registered trademarks are the property of their respective owners.