2010, A Fantastic Year for InsurCard! In April, Pay Before Awards named InsurCard the 2010 winner for Best B2B Program. This week InsurCard was awarded the 2010 Best International Prepaid Card.

The InsurCard® Prepaid Visa® Card was recently honored with one of the highest distinctions a card related company can receive. At the OSCARDS Award ceremony, held in Paris Thursday night, InsurCard was named the 2010’s Best International Prepaid Card. A panel of experts selected InsurCard as one of the night’s 15 winners. The winners were chosen from a list of 64 nominees which was pared down from a list of 500 new cards. Mr. Ange Galula, head of the Publi-News award committee, presenter of the prestigious award, said InsurCard was named Best International Prepaid Card because “their innovative approach to integrating their product into the insurance category has opened up an entire new industry to the prepaid card.”

InsurCard was pioneered by Bob Mendte of Lansdale, PA and is designed to make claims simpler for both the insurance companies and the policy holder. The card is geared towards worker’s compensation, casualty, and property insurance claims. InsurCard is able to be activated and loaded while an adjuster is in the field with a claimant. This cuts out time needed to print and mail a check, funds are now available instantly. Cards are reloadable for ongoing claim payments. And unlike checks, funds on the card are fully protected. It works just like a debit card and can be used at millions of ATMs, banks, and merchants worldwide, wherever Visa Debit cards are already accepted. InsurCard worked with both insurance companies and state regulators to bring prepaid cards to the insurance market. In doing so InsurCard has revolutionized both industries.

InsurCard Prepaid Visa Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. The Bancorp Bank; Member FDIC.

About the OSCARD Awards: The OSCARDS for innovative cards is a professional event created four years ago by Publi-News, a trade publication house involved in the card banking industry. The sponsoring partners of the 2010 OSCARDS are MasterCard Worldwide, SPB, Sopra Group, Affinion International, and Mondial Assistance. The OSCARDS award one winner in each category from Europe, France and internationally. Categories include loyalty, services, shapes and design, prepaid cards and technology.

Source: PYMNTS.com