Following its launch into Europe in 2012 and subsequent certification by Visa Europe, Yalamanchili has been selected by payroll card service provider, OnePay, to provide the payment processing capability behind its newly launched OnePay Prepaid Visa Card.
In addition to delivering the payment processing platform, Yalamanchili has developed an online e-account facility for OnePay, which enables cardholders to benefit from services more commonly associated with a traditional bank account, such as checking account balances, retrieving statements, investigating transactions and locking cards. Yalamanchili has also provided an online facility for agents to manage both the load process on to the cards and background workflow automation, which saves time and lowers risk.
Chris Ellis, President – Europe, Yalamanchili said: “OnePay’s prepaid Visa solution perfectly illustrates what can be achieved when an organisation is empowered by our technology; it is freed to design a solution around the specific needs of cardholders, unrestrained by systems capabilities. This is the first in a series of announcements Yalamanchili will be making in the first half of 2013 as our first tranche of customers complete their final testing and launch their products into the market.”
Raphaels Bank is the issuing bank sponsor behind OnePay’s Visa prepaid card. Andrew Downes, General Manager Cards at the Bank, adds: “Raphaels is delighted to be working with Yalamanchili and we are pleased to have supported the launch of such an innovative and effective prepaid card. Raphaels specialises in offering opportunities to companies that wish to launch prepaid card programmes in the UK and Europe and we look forward to further developing our relationship with Yalamanchili as it continues to grow in Europe.”
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