MP_asset_mastercard

Custom Prepaid Programs

Reward/Prepaid Card (Open Loop)

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