Debit/Prepaid Cards
Debit/Prepaid cards are virtual/physical cards that customers can use to transact online, offline at merchants and use it at ATMs to withdraw cash. These generally sit on top of a wallet be it a bank account/WPS or other similar wallets.
Below are the generic parts for the same:
- Issuance
Based upon the partnership terms with bank or other wallets as well as schemes like VISA and Mastercard, we will issue only virtual or both virtual and physical cards linked to a bank account or wallet.
A feature to add and issue an addon card linked to the same account for a family member may also be there.
- Management A card management solution has to be built to manage cards with toggle switches and fields like turning it on/off, turning domestic, international, merchant, online transactions on/off. Maximum transaction limit fields for domestic and international transactions.
Technical Remarks
| Description | Remarks |
|---|---|
| Core Card management Middleware | A backend module(card management middleware) connected to all card management APIs needs to be developed which can be used to plug any external card APIs without changing app UI and app REST and JSON structure |