The cause-related fundraising site will offer a prepaid debit card to fundraisers to support them in times of hardships and celebrations.
WeCareCard, an online fundraising platform that empowers fundraising for a variety of life-changing causes, introduces the first-ever prepaid debit card tied to a crowdfunding platform this week at Money 20/20. The first-of-its-kind patent pending technology will fulfill a crowdfunding campaign’s financial component by loading funds onto a WeCareCard Prepaid MasterCard rather than the traditional fulfillment method of check, bank account deposit or PayPal.
The idea of WeCareCard spurred from co-founders Jessica Weiss, a former nurse who consistently witnessed first-hand financial hardships caused by unexpected medical bills, and Phillip Qualls, a Technology, Payments and Financial Services executive with more than 20 years of experience in the industry.
“I saw an opportunity to leverage my experience to revolutionize relational giving and gifting by leveraging crowdfunding, prepaid and patent pending technology. Announcing the card at the world’s premier destination for emerging payments and financial services organizations, made perfect sense.” said Qualls.
The Indiana-based cause-related crowdfunding site delivers a simple, seamless and secure way to share stories of hardships or celebrations, connect networks and gather funds for those in need. The WeCareCard Prepaid MasterCard serves as the money- management tool, welcomed at over 25 million MasterCard locations worldwide. The card will be delivered to fundraisers early in their WeCareCard crowdfunding campaign and funds will be loaded throughout the duration of the campaign, helping fundraisers manage the expenses related to their cause directly, quickly and easily.
“After our family suffered hardships associated with long-term illness, I began contemplating how I could help others through similar situations,” said Weiss. “I knew there had to be a simple, streamlined way to help more people locally, and nationally through an online platform and prepaid debit card.
WeCareCard has retained Atlanta-based FirstView Financial as their card processor and program manager. FirstView excels at innovation in the high-growth prepaid card and mobile payments arenas. Metropolitan Commercial Bank (New York, NY) will be the issuer of the WeCareCard Prepaid MasterCard.
We are very excited to be working with WeCareCard on this new crowdfunding and prepaid solution,” said Jerry Uffner, CEO of FirstView Financial. “This new platform will help serve a very large audience. There are so many people in need of immediate financial relief and we are just happy to be a part of the initiative that will help remove that burden as quickly as possible.”
Individuals and organizations interested in receiving funding through WeCareCard’s platform can click here to apply for consideration.
WeCareCard is the first-ever online fundraising platform tied to a prepaid debit card that empowers people from around the nation to raise funds for a variety of life-changing causes. The cause-related fundraising solution delivers a simple, seamless and secure way to share stories, connect networks and gather immediate funds for those in need through the WeCareCard Prepaid MasterCard. This prepaid card serves as a money management tool and is welcomed at over 25 million MasterCard locations worldwide. For more information visit WeCareCard.com and follow @WeCareCard.
About FirstView Financial
FirstView Financial is a leading provider of financial, mobile, and payment technology solutions. FirstView provides innovative payment solutions to help companies create new revenue streams, reduce cost, increase security, and improve efficiency. Over the last decade, FirstView has been delivering prepaid program management and processing services supporting a diverse array of prepaid card solutions. FirstView Mobile payment solutions allow companies to capitalize on the dramatic shift to mobile payments. Providing innovative payment solutions since 2005, the company is headquartered in Atlanta, GA.
About Metropolitan Commercial Bank
Metropolitan Commercial Bank, formerly Metropolitan National Bank, provides personal and business banking services. The company was founded in 1999 and is based in New York with branch locations in New York and Brooklyn, New York. Metropolitan Commercial Bank continues to grow in the prepaid card space as an issuer for an increasing number of programs. The range of prepaid cards being issued by Metropolitan Commercial Bank and the strategic partnership with a variety of program managers throughout the United States, places us at the forefront of this burgeoning industry. Metropolitan Commercial Bank operates as a subsidiary of Metropolitan Bank Holding Corp.
MasterCard, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Pioneers Blog and subscribe for the latest news.