Last week we officially introduced our new SelectSpend Prepaid Reward Cards to our WRL corporate clients. SelectSpend is a Discover prepaid product that allows us to limit where the card can be spent at based on a type of retailer, individual merchants, or geographic location.
The idea behind these products is to use the reward dollars being given to an employee or customer to provide a memorable experience versus allowing them to buy just anything. For instance, one of the SelectSpend product we created is a Golf Card that can be used at any golf course or sporting goods store where Discover Debit cards are accepted.
We are currently offering 5 predefined products that we call category cards and can also customize an experience based on our clients needs. The 5 category cards include:
Next month we’ll be adding a dinning card that will be good at any restaurant and we’ll continue to create new category products.