FIS Filtered Spend as a Service™ is a unique solution designed to elevate spend control beyond traditional methods like Merchant Category Code (MCC) or Merchant ID (MID) restrictions. This innovative platform allows organizations to develop and manage an Approved Product List (APL) of specific Universal Product Codes (UPCs), giving unprecedented control over what items cardholders can purchase. Participants use open-loop prepaid cards, which are swiped at checkout to complete purchases of approved items from participating merchants. The solution provides invaluable insights and reporting on cardholder purchasing habits, enabling organizations to evaluate program success and adapt to consumer needs. By streamlining operations and eliminating manual processes, Filtered Spend helps reduce costs and improve the overall consumer experience. It removes the need for product distribution and manual claim validation, increasing efficiency and speed. This capability is beneficial for a wide range of entities, including insurers, employers, retailers, and consumer product companies, who aim to manage and influence purchasing behaviors, promote specific brands or products, or encourage positive habits such as healthy lifestyles or financial well-being.

Features & Benefits

• Granular Item-Level Spend Control
  • Define and control card spend for specific eligible items by creating an Approved Product List (APL) of Universal Product Codes (UPCs, going beyond standard MCC or MID restrictions.
• Prepaid Program Integration
  • Utilize open-loop prepaid cards for purchases, allowing participants to easily complete transactions at participating merchants for approved items.
• Custom APL Management & Merchant Direction
  • Develop and display custom Approved Product Lists to participants, effectively driving them to preferred merchants and products.
• Actionable Insights & Reporting
  • Gain invaluable insight and reporting on cardholder purchases, enabling evaluation of program success and adaptation to consumer needs.
• Cost Reduction & Operational Efficiency
  • Reduce costs by streamlining operations, eliminating manual processes, and removing the need for product distribution and manual claim validation.
• Brand Promotion & Habit Encouragement
  • Promote specific brands by offering discounts on targeted items, encourage product trials, foster brand preference, and encourage positive consumer habits like healthy living or financial well-being.
• Enhanced Customer Experience
  • Improve the overall customer experience by simplifying the purchasing process and increasing transaction speed.