First National Bank (Slayton, Minnesota), and First National Bank (Davenport, Iowa), now offer the BlazePays Visa Prepaid Cards powered by Capital Prepaid Services. Under the banks’ agent programs which are managed by Capital Prepaid Services, these Minnesota and Iowa banks are now able to cost-effectively tap into the prepaid market, which is one of the fastest growing payment markets.
Both banks will offer the BlazePays Prepaid card, which enables consumers to shop in stores or online, pay utility bills, withdraw cash, and receive direct deposits. Cardholders can have payroll checks or government-issued benefits directly deposited onto their card.
Funds can also be added to the card electronically via these banks or through the Visa ReadyLink network, which is available at more than 30,000 locations, including Walmart stores.
With the agent program, First National Bank (Davenport) and First National Bank (Slayton) are able to instantly issue prepaid cards in their branches. Capital Prepaid provides full program management support for the prepaid card, including card management, consumer website, live customer service, the BlazePays Mobile App, and other services to help the banks acquire cardholders and drive card usage.
First National Bank (Davenport) will make the BlazePays Prepaid card available to customers and consumers in its four branches in Illinois and Iowa. First National Bank (Slayton), with eight branches, will enable the bank to serve customers all over southern and central Minnesota.
The reloadable BlazePays Visa Prepaid Card is the brand servicemark of Capital Prepaid Services of Sioux Falls, South Dakota. Capital Prepaid provides full-service program management and processing services for prepaid cards offered by financial institutions, corporations, retailers, and government entities. Established in 2011, it is a sister company of Capital Services, a leading payment portfolio management and servicing company.
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