Underscores leader’s growth strategy to provide a full suite of award-winning payments and engagement solutions to more enterprises
BIRMINGHAM, AL. February 28, 2023 – Prepaid Technologies, a leader and pioneer in the rapidly growing digital payments market has announced the company’s new brand, Dash Solutions. This strategic move also brings WorkStride, the incentive, recognition, and rewards program provider the company acquired in May 2022, under this unified and powerful brand.
Since the $96 million investment from Edison Partners in late 2021 and the May 2022 acquisition of WorkStride, Dash Solutions has been expanding its market reach, delivering a broader platform of highly configurable payment and engagement solutions that drive efficiency, motivation and oversight across a variety of payment types. The rebrand reinforces the company’s position to provide the market with a powerful one-stop-shop suite of digital payment and engagement solutions in a world where nearly 93% percent of U.S. firms with at least $25 million in revenue are currently integrating digital technologies into their operations. (pymnts.com)
“We are uniting the strengths of two industry leaders under Dash Solutions to expand payments and engagement offerings for our clients,” said Stephen Faust, CEO of Dash Solutions. “We have made major investments in our platform and team to ensure our continued fintech payments leadership. We look forward to providing new and enhanced solutions to our customers with the same high touch, superb service they have always experienced.”
As a leader and innovator in the digital payments market for more than 25 years, Dash Solutions has a unique, long-standing perspective on the industry and emerging opportunities. Through partnerships with Visa, MasterCard and Discover to utilize prepaid debit products and other digital payment strategies, the company has more than 10xed its business in the last five years, empowering billions of dollars in payments through Dash Solutions each year. From pay, expense management, reward and incentives, and corporate disbursements, the company offers nearly 100 different solutions and customized programs to enable its customers’ payment and engagement goals.
“We are very excited to see the new strategic direction Dash Solutions is heading in,” says Frank Delarosa, Assistant Controller & Payroll Manager for Tacala Companies, an owner and operator of Taco Bell restaurants across the Southeast. “For many years we have deeply valued our partnership with Dash Solutions, and we wish them continued success as they expand their solutions and lead the marketplace with their offerings.”
Dash Solutions is successfully penetrating the untapped market of commercial disbursements. With more than $100 trillion in commercial spend annually, many businesses rely on antiquated payment methods such as checks and ACH. Due to the ease in which digital payments can be delivered through Dash Solutions’ technology platform and the fact that many existing Dash Solutions clients are some of the largest payors in the US, Dash Solutions is well positioned to capture substantial market share in the future.
About Dash Solutions
Founded and based in Birmingham, Ala., Dash Solutions is a fintech platform that provides digital payments and engagement program management to thousands of customers. Dash Solutions offers innovative strategies and a proprietary technology stack, including payroll, expense, gift, reward, and incentive card products to employers, financial institutions, and government agencies. Learn more at dashsolutions.com.