• Master Card Branded (can be spent everywhere Visa is accepted)
• Corporate funded
• Preloaded funds
• Disposable or reloadable
• Plastic or virtual
Reward/Prepaid Card (Closed Loop)
• Does not bear the Master Card or association logos
• Corporate funded
• Only honored at host locations or online channels
• Often referred to as “Private Label”
Consumer Funded Gift Cards (Closed Loop)
• Does not bear the Master Card or association logos
• Only honored at host locations or online channels
• Typically sold in-store or direct to customer
Consumer Funded Gift Cards (Open Loop)
• MasterCard branded
• Consumer funded
• Prepaid
• Disposable or reloadable