I've seen these used pretty often these days, from MoviePass having a branded debit card that's used for purchases to Privacy.org creating a way to generate them for the web. Is there a modern approach to do so that doesn't involve incorporating a bank?
It’s a bit like starting a virtual telco. You usually work with a white-label reseller who in turn has relationships with {banks, carriers} respectively.
The reseller has a platform and network hookups and they’re ready for you to slap your unique brand on top.
On the other hand, you can also work chain brands to do POS integrations - which may be a better choice for loyalty cards or subscriptions.
It’s a bit like starting a virtual telco. You usually work with a white-label reseller who in turn has relationships with {banks, carriers} respectively.
The reseller has a platform and network hookups and they’re ready for you to slap your unique brand on top.
On the other hand, you can also work chain brands to do POS integrations - which may be a better choice for loyalty cards or subscriptions.