May 18, 2013 5:56 PM ET

Diversified Financial Services

Company Overview of Citi Prepaid Services

Company Overview

Citi Prepaid Services provides prepaid payment cards and corporate electronic payment solutions to public and private sector organizations worldwide. It offers a range of special purpose prepaid cards for sale channel incentives, consumer incentives, direct selling compensation, payroll, employee rewards, claims reimbursements, and healthcare payments to corporations in airline, automotive, consumer goods and electronics, direct selling, food service, healthcare, higher education, insurance, market research, media, pharmaceutical, plasma, retail, staffing, telecommunications, and utility industries. The company also provides prepaid cards for social benefits payments, payroll and employee in...

Detailed Description

555 North Lane

Suite 5040

Conshohocken, PA 19428

United States

Founded in 1997

Key Executives for Citi Prepaid Services

Co-Founder
Chief Financial Officer
Age: 54
Chief Operating Officer
Senior Vice President and General Counsel
Senior Vice President of Marketing
Compensation as of Fiscal Year 2012.

Citi Prepaid Services Key Developments

Citi Prepaid Services and Maxim Health Systems, Inc. Team Up to Provide Innovative Flu Care Payment Solutions

Maxim Health Systems, Inc. announced agreement with Citi Prepaid Services and it is now a certified distributor of the Citi Flu Care(SM) card, an innovative health care payment solution. The card provides organizations with a cost-effective method for delivering vaccination services to their health care beneficiaries. The Citi Flu Care card is the flu shot payment product that does not require prefunding.

Amway Corp. Selects Citi Prepaid Services for the Enhancement of Electronic Payment Process in North America

Amway Corp. has selected Citi Prepaid Services for the enhancement of its electronic payment process in North America. Citi will provide an efficient, branded electronic payment solution, which includes an AMWAY(TM) Prepaid Visa(R) Card in the United States and an AMWAY Prepaid MasterCard(R) Card in Canada. This account offers an alternative to paper checks for bonus payments to Amway Independent Business Owners (IBOs). Citi Prepaid Services delivers custom electronic payment programs that help organizations reduce costs, drive optimization and increase program effectiveness. With this new electronic payment solution, IBOs will have access to a personalized AMWAY Visa card (US) and an AMWAY MasterCard card (Canada), custom online account management resources, and a dedicated toll-free, 24/7, multilingual customer service team. Amway IBOs will no longer have to wait several days for their bonus checks to clear to redeem their funds. Instead, they will have immediate access to their payment on the day the bonus is issued. The AMWAY Visa card and the AMWAY MasterCard card can be used to make purchases in stores, online, by phone and at ATMs at millions of locations worldwide, wherever Visa and MasterCard debit cards are accepted.

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