Tern developed a SaaS based prepaid & stored value program management platform. Tern acquired and still operates a consumer facing virtual cross-border prepaid product called USUnlocked (usunlocked.com) which has thousands of active users around the world.
Prior to its acquisition, USUnlocked had successfully on-boarded customers from over 100 countries and enabled the processing of over 30 millions of USD via local payment methods since 2008. USUnlocked developed and refined a technology platform supporting what was essentially the first global prepaid program.
Tern acquired USUnlocked in 2015 and immediately started work on re-platforming the technology stack to make it “multi-tenanted” and web service. The Tern Platform today is a brandable front and back-office solution designed to launch and manage card and stored value programs quickly and with growth in mind. The platform supports multi-currency and multi-language environments.
Tern is in the process of moving the US Unlocke...
Tern developed a SaaS based prepaid & stored value program management platform. Tern acquired and still operates a consumer facing virtual cross-border prepaid product called USUnlocked (usunlocked.com) which has thousands of active users around the world.
Prior to its acquisition, USUnlocked had successfully on-boarded customers from over 100 countries and enabled the processing of over 30 millions of USD via local payment methods since 2008. USUnlocked developed and refined a technology platform supporting what was essentially the first global prepaid program.
Tern acquired USUnlocked in 2015 and immediately started work on re-platforming the technology stack to make it “multi-tenanted” and web service. The Tern Platform today is a brandable front and back-office solution designed to launch and manage card and stored value programs quickly and with growth in mind. The platform supports multi-currency and multi-language environments.
Tern is in the process of moving the US Unlocked program to FIS as a prepaid processor and program manager. Tern is currently in negotiations with FIS to license the Tern Platform as a dashboard and portfolio program management tool to be used internally at FIS.
Below are the various modules of the Tern Platform (FIS is most interested in the Tern Back-Office, Cardholder Web, and Cardholder Mobile solutions).

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Tern Back-office: A brandable solution for banks, processors, program managers or issuers providing dashboards into card portfolios.
Tern Cardholder Web: A brandable, secure, web interface for card holders to log in, check balance, transaction history, load/unload and basic spending analysis.
Tern Cardholder Mobile: A native brandable iOS and Android app allowing for core prepaid functions, and access to virtual card details.
Tern Marketplace: A growing list of options for programs ranging from KYC and identity/fraud management providers to different load methods and partners.
Tern Growth: Embedded within the back-office portal is a proprietary affiliate and promotions management solution allowing agents/affiliates access to real-time reporting and pay-outs.
Tern Comply:Various tools allow for the ongoing management and monitoring of transactions and users in the Tern Platform.
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The Tern platform can be leveraged by: existing processing, issuing, and banking clients, as well as program managers or startups that require prepaid cards or a modern API driven platform.
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Employees

Brion Bonkowski
Admin
Brion Bonkowski CEO Payments & Enterprise Software Leader
Corey Glaze
Admin
Corey Glaze Product