How they describe themselves: Ixaris specialises in developing innovative payment applications based on open-loop Visa and MasterCard prepaid card schemes. Ixaris introduced Visa Europe’s first, and to date, most successful virtual prepaid card programme in 2003 and has since grown into a leading innovator in electronic payments. It offers its services through the EntroPay brand, an online community of customers in business and consumer sectors across the world, as well as through Opn, its open payments platform that supports rapid development and deployment of white label payment applications.
How they describe their product/innovation: Opn Cardworks is the latest and most powerful solution available through Ixaris. Opn Cardworks provides everything a business needs to set up and run its own prepaid card programme: virtual and/or plastic cards, technology, banking relationships, and risk and compliance oversight. We like to think of it as a customizable card programme in a box.
With Opn Cardworks, companies can bring a card programme to market in just weeks instead of several months. Without Opn Cardworks, businesses would need to identify, develop, and execute each facet of the programme on their own, which can be daunting, time consuming, and expensive.