Financial Software and Systems, an integrated payments solutions provider and payments processor, has enhanced its prepaid multi-currency cards to allow users to set up currency purses, block and unblock their card and request an add-on card, according to a press release.
The card automatically detects the local currency when making purchases or at ATMs. If there aren’t enough funds in a certain wallet, the amount is debited from other wallets, such as if there are insufficient funds in the U.S. wallet but plenty in the euro wallet.
Users can add a multi-currency wallet for any supported currency. The platform then provisions the wallet on verification that the customer doesn’t already have a pre-existing currency purse linked to the same card account.
“FSS Unified Issuance Platform powers 800 million cards globally,” Sathish N, chief product officer, FSS, said in the release. “As a global leader in card management platforms, we continue to innovate at pace to help banks and fintechs differentiate their cards portfolio. The current enhancements to our multi-currency forex card offering are another step to maximize customer delight and deliver exceptional experiences.”
