" />

Prepaid Program Analysis

Examine every aspect of your prepaid program, identify its weaknesses and recommend appropriate remedies.

How do negative balances occur on prepaid cards?


Do I need to issue EMV cards? and If so, how does this affect my liability and consumers?


How do I protect my prepaid card program?

Examining Your Prepaid Program

All too often, companies wait until they experience a harmful event – such as fraud, higher than average negative balances, or an unexpected bank audit that they aren’t prepared to handle – before they perform a comprehensive analysis of their prepaid program. In these cases, the companies are under intense pressure to have an independent analysis performed, which is an unpleasant and expensive situation that can often be avoided by having a prepaid program analysis performed on a proactive basis.

Conducting a periodic analysis of your prepaid program provides many benefits including: reducing ongoing program costs; reducing program risk and optimizing a program’s profitability. Double Diamond Group Prepaid approaches program analysis by conducting three specific analyses:

Review Of Your Current System.

A review of your current system may reveal many areas to increase efficiency and profitability. Our analysts will carefully scrutinize your prepaid program financials and provide an in-depth audit of financial and risk management controls. Here are a few ways we address financial and risk management issues to improve your prepaid program’s profitability: Create of a detailed financial model to identify exactly where the money flows.

  • Examine your system to ensure the right data is captured for proper portfolio analysis.
  • Prepare a compliance plan for FDIC, OTC, FRB, OCC, AML/MSB as it relates to the client’s prepaid program.
  • Perform an internal audit of financial reports and risk management procedures.
  • Establish and perform a comprehensive training program for management and key employees.

Evaluation of Existing Internal Policies and Procedures.

As part of our understanding of your internal processes, policies and procedures; we incorporate the following activities into our analysis and recommendations:

  • Interview all managers to understand what they do and how it impacts your prepaid program.
  • Observe how support desk personnel work and examine all relevant documentation they use.
  • Speak to sales representatives to understand exactly how they are positioning your services.
  • Review costs to determine if they are in line with industry averages.

Post Analysis Reports for Implementation of Recommendations.

The hallmark of our approach is to provide every client with an actionable plan to run the most effective prepaid program to meet your specific goals. We combine the results of our intensive system review with industry knowledge of best practices and current regulatory requirements to create a customized action plan for your business. Here is what you can expect from our post analysis recommendations:

  • A report that describes program shortcomings and specific recommendations to resolve them.
  • Priority of these issues and provide a timeline for resolving each issue.
  • Prepare a letter describing our independent program audit results. Provide implementation guidelines to assist your staff as they work to remedy problems.

To learn more about Double Diamond Group Prepaid, tell us more about you. CONTACT US.

Prepaid Services we offer:

Partner Selection

For companies looking for the optimal bank or processor for their prepaid card program, Double Diamond Group Prepaid offers the most comprehensive and objective partner selection services available.


Prepaid Program Development

Looking to set up a new prepaid card program or change partners? Double Diamond Group Prepaid is ready and prepared to get your prepaid card program to market quickly.


Fraud Mitigation

Double Diamond Group Prepaid can tell you current risks, trends and risks coupled with fraud mitigation strategies.


Program Analysis

Double Diamond Group Prepaid will examine every aspect of your prepaid program, identify its weaknesses, and recommend appropriate remedies.


Risk Assessment

Double Diamond Group Prepaid provides companies with a thorough understanding of the prepaid programs and the current fraud tools to have in place.


“We appreciated how professionally the Double Diamond Group and Rich Consulting team managed the project. They were genuinely interested in our success, and worked as partners throughout the entire process by continually looking for ways to provide value.”

Russ Jones

Read our case study:
aggregation solutions.

See Examples Of Our Work

Double Diamond Group Specialties


Since it’s founding in 2008, Double Diamond Group has helped dozens of payments industry clients solve their most critical business challenges.
Payments Industry Professionals

Go To Market

We are a team of payment professionals, with hundreds of years of combined experience taking payments products to market around the world.

Payment Facilitator

Merchant aggregation is growing in popularity as a way to reduce friction in the boarding process, streamline pricing and build market share in the small business arena.
Market Research - Payments Industry

Market Research

Payment acceptors of all sizes are looking for focused research expertise in electronic payments. We address the full-range of payments issues and payment acceptance.
Prepaid Programs - Payments Industry

Prepaid Programs

In today’s competitive market, creating and maintaining a successful prepaid program requires solid partners, capable management and proactive maintenance.

To Learn More About Us Tell Us More About You.

Share This