Prepaid Financial Services & Corpedia Financial Drive Incentives at Renault

Prepaid Financial Services & Corpedia Financial Drive Incentives at Renault
Tuesday 26 February 2013

Co-branded Prepaid Solution Delivers Bonus/Incentive Payments to Renault Agents

London, United Kingdom – Prepaid Financial Services (PFS), a leading provider of global prepaid solutions and a preferred MasterCard® supplier, has announced the launch of SODICAM2 corporate incentive prepaid card in France. The prepaid card reflects a collaboration between PFS, Corpedia Financial, the issuing bank IDT Financial Services LTD (IDTFS), and SODICAM2, a division of Renault. The card will provide a quicker and more attractive mechanism for making incentive and bonus payments to staff working in Renault garages and showrooms across France.

SODICAM2 cardholders can voice activate their card and manage their prepaid card account via the dedicated account portal on the Corpedia website.

Noel Moran, CEO of PFS stated: Prepaid cards are a well-established mechanism for delivering incentive payments as they drive motivation and engagement, whilst presenting employees with a flexible, tangible reward of choice. This is another prestigious launch for the PFS Team and we are delighted to be teaming up with Corpedia Financial and Renault in bringing this innovative incentive product to Renault agents across France. The corporate prepaid market in France is underdeveloped/underserved and represents a massive opportunity for PFS and our clients in 2013."

Kilian Fug, CEO of Corpedia Financial commented: "Prepaid incentive cards are a very powerful means to recognize performance, drive sales and build brand awareness. The launch was a great success and the cards have been very well received by the Renault employees, which underlines the high potential of this product in France. All the more so as this programme was initially intended to be a unique operation but has been extended to all their incentive operations, in substitution of their coupons and gift certificates."

Daniel Spier, Managing Director at IDT Financial Services, LTD, commented "We are delighted to have helped develop this exciting new product for Renault. It has been launched in record time which speaks to the professionalism and experience of all parties involved."

Corporate incentive cards are an excellent mechanism for reinforcing the corporate brand and provide benefits that other corporate gifts simply cannot provide. Furthermore, it is possible to brand cards in line with the theme of the incentive scheme to ensure all communication is consistent with corporate branding guidelines. The prepaid card then becomes a payment vehicle that is repeatedly presented at the point of sale and reinforces the corporate brand.

The SODICAM2 launch follows hot on the heels of the Corpedia Instant Issue prepaid card launch, earlier in the year. Find out more about the Corpedia instant issue prepaid card at http://www.corpedia.fr.

Over the last 3 years, PFS has developed substantial expertise and partnerships geared to provide prepaid card solutions to SME's and Blue Chip multinationals in France and delivered a number of prepaid card propositions in the French market. PFS recently announced the signing of a strategic partnership with Deutsche Card Services (DeuCS) to develop and deliver innovative prepaid card solutions across Europe. Find out more at www.prepaidfinancialservices.com.

Prepaid incentive cards are a very powerful mechanism to recognise corporate performance, drive sales and build awareness of the brand. If you are interested in finding out how your organisation could benefit from corporate prepaid incentive card solutions provided by Prepaid Financial Services, contact a member of our sales team call us on +44 (0)207 125 0321 or e-mail us at sales@prepaidfinancialservices.com