subject: Benefits Of Co-branded Debit Card Programs: [print this page] Co-branded debit cards have become a huge hit in the marketing sector. Co-branded debit card programs can be a very useful marketing tool for small and medium scale companies to ensure complete customer satisfaction and boost business prospects. These programs can help business organizations to earn a reputation in the overseas market.
Co-branded card programs involve the association of a business entity along with a bank and reputed credit card brand, such as Visa or MasterCard. Since these brands are renowned worldwide, they allow the business organizations to access a larger number of customers.
Co-branded cards help businesses organizations to study the spending patterns of their customers. This helps the companies to formulate more appropriate business strategies.
Co-branded cards bear the name and logo the company's brand and thus prove to be effective marketing medium for the companies. Business organizations from diverse sectors have started implementing co-branded card programs.
With co-branded card programs, business can also extend discounts and gifts to their customers. By extending such offers, businesses get the opportunity to strengthen their bond with their customers.
Co-branded card programs prove useful for not only the business organizations but also their customers. Customers can use co-branded cards just as prepaid cards to shop on credit. Besides, they can avail the discounts by shopping at the outlets of the business entity involved in the co-branded card program.
Co-branded debit cards have comparatively lesser issuing time than traditional debit cards. Upon registration, they are issued instantaneously and can be used immediately after that. In addition, these cards have lesser issuing cost in comparison to other traditional cards. With co-branded cards, card-holders can pay their shopping bills and even monthly household bills through the Internet. They can also check the balance in their account over the Internet.
Branded prepaid card programs have become very popular among the business fraternity, as they help in building good company-customer relationship. Several companies around the world in Asia, Europe and Middle East have effectively implemented the co-branded card program or generic debit card program.
