How to build a payment card restricted to use at several specific merchants

[aarongoss]

I am interested in trying to build a multi-company payment card.  I want to make and sell a payment card that is accepted only at merchants I select.  The merchants where I want the card to be accepted are all completely different companies with their own different payment processing systems.

This could be a prepaid card, a gift card, a debit card, a credit card... the important thing is that I offer a payment card that is accepted only in places that are on a list that I maintain.

I would appreciate someone pointing me toward any resources that I might research to help me answer this question, as well as anyone with engineering skill in this space who could build it for pay.  Thank you!

[SyedSa]

Hi @aarongoss, Thank you for reaching out. One of our agents is looking into this and will get back to you soon. Until then, if any community member knows a solution, please feel free to reply to this thread.

[API_Products]

Hi @aarongoss,

Visa is a processor, not an issuer, and does not issue Visa debit, credit, prepaid, gift, and/or physical cards. Visa works with issuing banks to issue Visa cards. Essentially, you will need to be a licensed financial institution in order to issue cards.

The Visa Token Service  the closest thing to a virtual card use case. To learn more about this product, please contact either your Visa Account Executive, Gateway or Acquiring partner and/or visit our detailed product page at Visa Ready. You can also submit any specific queries about the product through Visa Ready using the ‘Contact Us’ link. 

[aarongoss]

Thank you! So if I start a bank, this is doable? I could issue cards that are accepted anywhere VISA is accepted, but deny or reward certain transactions at the bank level?

[API_Products]

Hi @aarongoss,

That's correct.