Redpack, and its partner, FiCentive announced today the immediate availability of the new Redpack Mi Promesa MasterCard® prepaid card. The new card program’s main focus is to serve the unbanked Mexican community in the United States.
The Mi Promesa MasterCard is a reloadable prepaid card that will be made available to U.S. clients and their family members. FiCentive is a significant provider of turn-key prepaid card solutions throughout the world. Redpack is a leader in mail and package delivery throughout Mexico and internationally. Cards can be ordered and managed online in English or Spanish at www.mipromesa.com.
The new program offers a full-service suite of prepaid card solutions to merchants, banks and a large population of consumers whose financial service needs are not being met by more traditional means. Redback brings a very strong brand image to FiCentive and the Mi Promesa card with adaptable, flexible tools to manage cardholder’s financial needs.
Ms. Sonia Bracamontes, Sales and Marketing Director for Redpack, announced:
“We are very pleased to be at this point and can officially announce the availability of the new Redpack Mi Promesa MasterCard card program. The Mi Promesa card is designed to be of great value to the underserved market of the unbanked and underbanked Mexican community in the United States. We believe the Redpack brand is well known and is trusted within this community and will therefore add significant credibility to the program.”
Some of the main fees associated with the Mi Promesa MasterCard are as follows:
U.S. or International Signature Purchases and Direct Deposits FREE
GreenDot Loads FREE (merchant may have fee)
Card Issuance/Activation for Single or Dual Card Packs – $19.95
U.S. ATM Withdrawal – $1.75
U.S. ATM Balance Inquiry or Decline – $1.00
International ATM Withdrawal – $4.95
International ATM Balance Inquiry or Decline – $2.95
U.S. PIN POS Purchase or Decline – $0.95
International PIN POS Purchase or Decline – $2.95
Bill Payments – $1.50
Monthly Fee – $4.00
Inactivity Fee – $10.00 (per month after 6 months of no activity)
Replacement Card or Lost/Stolen – $5.00
Bank Teller Cash Advance – $5.00
Card to Card Money Share – $1.00
Redpack is a 100% Mexican company founded in 1991 and is one of the largest networks in the country that connects more than 850 destinations. Through a reciprocal agreement with TNT, Redpack has access to 210 countries worldwide employing 1300 in over 320 outlets.
FiCentive, Inc. is a wholly owned subsidiary of Payment Data Systems, Inc. and is a turn-key prepaid card solutions provider that quickly and securely delivers customized prepaid card programs for corporations, financial institutions, affinity groups or any organization that needs to deliver a financial incentive to their customers, vendors, or employees. FiCentive also can issue cards on all card association brands. For more information about FiCentive, please visit www.ficentive.com.