The annual value of illegal and illicit activities occurring in the U.S. is estimated to be more than $120B. And while most of that money is transported in bulk-cash shipments, more and more is being transferred with prepaid cash cards and other electronic methods. Unlike cash, the money associated with prepaid cash cards can be moved by criminals using a mobile phone or internet application in minutes, even after the criminals have been arrested and the prepaid cards confiscated. With billions of dollars being illegally loaded on prepaid cash cards, Law Enforcement needs the tools to obtain a balance, freeze or confiscate those funds.
Now there’s a solution that can do in seconds what used to take hours.
The ERAD credit, debit, prepaid, and gift card cloud based program provide real-time analytics, recording, and balance information at law enforcement's fingertips.
