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MARCH 16 2021
Tags: card & digital payments

Cascade Processing to launch first card program on its modern Issuer processing platform

Cascade, the US-based issuer processor, has announced the imminent launch of THAT™ Visa® Prepaid Card. THAT will be the first card program to leverage Cascade Processing, based on the company’s state-of-the-art issuing platform – PayStorm – built upon TAS Group’s advanced, API-first issuing processor technology, delivered in cloud.

Cascade Processing provides Card Issuance, Origination, and Enrolment for card programs as well as a web-based banking portal, mobile app, and contactless payment capabilities.

As an Issuer Processor that provides Program Management services, Cascade can quickly plan, test, and launch expanded offerings for its fintech customers to meet their business and cardholder needs.  

Spencer Schmerling, CEO of Cascade said: “I’m thrilled to be taking this next step in delivering comprehensive, modern card services to fintechs who are looking for agility, speed and innovation in their card issuing and processing. We have enjoyed working with TAS and are excited to launch our first program on their world-class platform.”

Peter Caiazzi, SVP Product Development, TAS International added: “We’re confident that PayStorm can provide precisely the advanced functionality, flexibility and scale that Cascade needs to play an ever greater role in the card management and processing space and provide the next-gen card and digital payment services that its customers are looking for. We’re certain that THAT card will be positively received and wish them much success.”

The THAT Prepaid Visa Card is issued by First National Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. This card can be used everywhere Visa debit cards are accepted. Card program administration by Cascade Financial Technology Corp.