WaveCrest Tax Disbursement Cards: The fastest, easiest way to disburse tax refunds.
The sheer volume of tax refunds handled during tax filing season puts enormous resource strains on any tax preparer.
The resources and costs required to process payments, cut checks, manage taxpayer inquiries and visits, and account for manual errors can be immense.. To address these challenges, Tax Products Group (TPG) selected WaveCrest to integrate a prepaid card solution for tax refunds.
Launched in year 2013, WaveCrest’s prepaid disbursement card proved to be a highly successful solution that allows TPG to easily manage large payment volumes and card activity during a very short window of time. The program has processed more than 50,000 of taxpayer refunds since it’s inception, accounting for more than $200 million.
In addition to the disbursement and management benefits TPG has enjoyed, WaveCrest’s prepaid card solution offers taxpayers numerous benefits including:
- SAFER THAN CASH: The card may be blocked or replaced if it gets lost or stolen
- CONVENIENCE: Avoid the hassle of cashing a check or managing a bank account. Prepaid cards are a cost effective payment option for the highly populated unbanked population
- ACCEPTED EVERYWHERE: The Visa debit card is accepted worldwide including in-stores and online within the vast Visa card network
- CASH ACCESS: Cards can be used to withdraw cash at thousands of ATMs accepting Visa, PLUS or PULSE
- DIRECT DEPOSIT: A direct deposit is available for customers to directly deposit their paychecks providing further electronic payment convenience
- ADDITIONAL CARD: Access an additional card for a spouse in case taxes are filed together
- 24/7 CUSTOMER SERVICE: Multi-lingual phone support and 24/7 customer service is available to handle card related queries
- ONLINE ACCOUNT MANAGEMENT: Manage funds online through the website or mobile device, providing added convenience on the go
TPG’s partnership with WaveCrest offers a holistic payment solution for taxpayers including tax refund disbursements via checks, direct deposit, or on a general purpose reloadable prepaid card. WaveCrest’s innovative prepaid offering helps meet TPG’s vision of providing customers with an easy, convenient and secure way of receiving their tax refund on a card that can be used to shop, withdraw funds, and more. Additionally, 24/7 customer service provides taxpayers an enhanced user experience