Win-win Visa solution comes to Canada

Under the partnership of Scotiabank and Berkeley Payment Solutions residents of Canada will see one of Canada's first suite of corporate prepaid Visa cards. Prepaid Visa card in the USA proved to be an effective payment solution which benefits companies seeking proven cost-effective payment solutions that extend their company's brand and resonate with employees, customers, and partners.

This pack of payment tools combines branded, re-loadable prepaid Visa cards with easy usage and the universal appeal of cash as well as the satisfaction of a personal reward. Cardholders may get their rewards in any form and in any place they prefer. This makes Visa cards ultimate cost-effective solution for many participants. Workers, customers and partners want to receive significant and convenient rewards and incentive options which are selective and flexible at the same time. As for companies, their wish is to eliminate the time, cost and hassle associated with the disbursement of checks and/or merchandise.

"Given the market for prepaid Visa cards is experiencing significant growth across North America, Scotiabank's collaboration with industry-leader Berkeley Payment Solutions gives us the ability to offer a new suite of innovative corporate payment solutions to the under-serviced Canadian marketplace," states Rubina Havlin, Vice President, Credit Cards, Scotiabank. "Our clients and the many other Canadian companies who have been searching for a cost-effective alternative to deliver and manage reward and incentive programs will now have the versatility, flexibility and choice they have been seeking."

"Not only are prepaid Visa cards less costly to issue than cheques and merchandise, companies are discovering its significant value as a marketing tool," explains David Eason, CEO, Berkeley Payment Solutions. "Showcasing a company or product's name or logo on each prepaid Visa(R) card allows it to establish a positive association with the brand each time a cardholder uses it to make a purchase."