The Guarda products is an instant issue prepaid debit Master Card. Consumers will be provided incentives to move up the value chain from a one time use remittance to multiple remittances and, finally, onto a personalized prepaid debit card. Guarda products will combine proprietary card-based technology and the resources of industry partners while offering debit card capabilities.
The Guarda prepaid card can be used to make repeated money transfers, ATM withdrawals, and in store or online purchases. Registered customers may use their cell phone to check their balances, transaction history or to send money using the Rocket Mobil Messaging SMS technology.
The Guarda money transfer product involves a complex electronic transfer of funds to a remittance partner with a worldwide paymaster network for disbursement of the funds. The product is re-loadable at any retail store which has Global Re-Cash POS activation and value load software application downloaded to any existing Verifone, Hypercom or Lipman multi-application terminal, or by using the virtual terminal with internet access.
Kurt Jensen, president and CEO of Titan’s Communication division and Card Services, said: The Guarda Instant Money Card will offer a valuable tool to consumers. Our product will allow the consumer unlimited reloads and remittances addition to the value added functionality of being able to make purchases, ATM withdrawals, and even use the card as a re-loadable prepaid long distance calling product.
