Objectives:

Improving processors loyalty and quality of service
Managing payments to electronic wallets/e-money account holders
Minimizing S.W.I.F.T., electronic funds transfers and money orders
Decreasing costs and time of payments to account holders
Decreasing dependence of various banks
Getting new customers (competitive advantages)

Methods and Services:

Issuing Merchants Cirrus ATM cards linked to E-wallet/E-money accounts and
Managing payments to Merchants Cirrus ATM cards

Merchants advantages

Tested and ready for delivery
Customer loyalty and satisfaction
Fast and easy system for payments
Low costs
Decreasing complains
Competitive advantage
Easy administration
General issuer (Bank) support
Card rules and legal compliance
Easy to deal, track payment record - one Bank involved

Card account opening procedures:

The card can be sent to the user instantly (cards are pre-issued and post activated)
Three documents are needed to activate the card:
1. Signed application and card agreement;
2. Copy of passport;
3. Notarized signature sample card

Card Account holder advantages:

No credit history checking
No minimum deposit or first payment
No national restriction
Anonymity
Easy access to cash (600.000 ATMs)
Tax planning advantages
Fast reception of payments

Pricing:

Issuing of card (annual fee): US$ 50.00
Cash advance fee for cardholder: 1,5%
Minimum order: 200 cards
Merchant account opening: US$ 240.00
Payment fee: US$ 0.20

For more information, please mailto:merchant@vcardpro.com