Brightwell partners with prepaid technologies, bringing security and money transfers to the platform

Today, Brightwell, a payments technology company that builds financial products to send money securely anywhere in the world, announced its partnership with fintech solutions and payments program leader Prepaid Technologies. As a pioneer in the prepaid industry, Prepaid Technologies joins other fintechs that have partnered with Brightwell to strengthen their offerings by providing full-time remittance services and fraud prevention using Brightwell’s ReadyRemit and Arden solutions.

“Prepaid Technologies is a good example of a forward-looking company looking for innovative solutions that can be implemented quickly and very cost-effectively to increase revenue and gain more ‘stickiness’ with the end user by embedding cross-border payments into their banking platform” said Hal Ramakers, SVP, Global Solutions at Brightwell.

Take advantage of cross-border payments

While the cross-border market is growing exponentially, the industry has many challenges for companies looking to enter the space, including meeting the ever-changing compliance standards, securing licensing for access to various corridors and integrating the new offering into an existing technology stack.

Brightwell’s ReadyRemit solution* allows Prepaid Technologies’ cardholders to easily send and receive money transfers to 90% of the world’s population. With 10+ years of experience in remittance partner integrations and $3 billion in remittance transactions processed, ReadyRemit Prepaid Technologies’ cardholders provide access to near-real-time or same-day payments to multiple delivery channels, including bank accounts, mobile wallets and payment gateways.

“We are excited to partner with Brightwell to bring their ReadyRemit solution to market for our cardholders who require remittance services from their MyDashCard,” said Matt Frye, Chief Product Officer, Prepaid Technologies. “Built with the end user in mind, the ReadyRemit solution offers both an API for our online users and a fully functional SDK for our mobile apps. This enables seamless integration with Brightwell’s technology and provides a solution we can easily implement for our wide range of cardholders. »

Combating fraud with prepaid cards

In addition to integrating ReadyRemit into its platform, Prepaid Technologies is also working with Brightwell to minimize fraud through card testing attacks. With governments and businesses around the world moving towards a cashless society, card attacks are a growing fraud risk and financial concern for card issuers and program managers globally. By using Arden, Prepaid Technologies’ prepaid card users are protected from fraud with Brightwell’s full-time fraud prevention and detection solution.

“Prepaid Technologies is a leader in the fintech industry, and offers secure payment solutions to a full range of customers. Adding Arden to their existing suite of risk solutions will provide an additional layer of fraud security ensuring best-in-class protection for their portfolio and clients. shared Ernie Moran, GM, Arden.