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Solutions for the debt-management industry
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If you are dealing with clients who have challenging financial status, Pre-Paid
cards provide a invaluable opportunity for them to be able to benefit from the facilities,
security and convenience of a card, whilst providing you with a potentially lucrative
revenue stream.
The recession, combined with increasing credit score requirements and a much smaller
number of lenders, is excluding an increasing proportion of the population from
the benefits of card ownership and in particular the ability to transact online.
Pre-Paid cards provide the solution.
In addition, the online facilities behind some Pre Paid Cards provides "banking"
solutions, both to companies operating in this sector and to individuals, by allowing
the creation of Standing Orders and direct debits without the need to have a traditional
high street bank account.
Alongside its core team of experts, Oblong has recruited 3 industry specialists
to support this sector, designing solutions for IVA providers, Claims Handling operations,
Financial Advisers and other businesses with clients likely to benefit from these
cards. For example Mortgage brokers and Secured Loan providers have used their databases
of past clients to generate Pre paid card income- a passive income stream which
has helped to offset reductions in their core income.
As well as bespoke solutions built specifically for individual clients, Oblong has
secure exclusive rights to Tuxedo's market leading Pre Paid card platform and developed
a business management tool for companies operating in the debt management sector.
Utilising the online E-ccount that supports all Tuxedo cards, this solution provides
benefits including;
• Separate Account for all clients to identify receipts and payments, thereby eliminating
complicated reconciliations on mixed bank accounts
• Ability to protect core income by reducing the failure of agreed credit plans
through immediate identification of missed payments
• Income generation from the sale of the card, a monthly management fee as well
as a share of card revenue.
• Differentiator against other providers.
Solutions for the travel and tourism industry
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