As the Stored Value market continues to evolve, the characteristics of the processor relationship are shifting; from being functionally, an outsourced service with limited control, to total ownership and complete autonomy. Processors are becoming more involved with providing core business functions. The net result is an increased synergistic partnership, rather than an arm’s length vendor-customer relationship, as in the past.
There are currently three types of processing relationships; a Processor Controlled ASP model where the client is beholden to the processor for all aspects of their business, a licensed model that has massive start up and ongoing costs and a Client Controlled ASP model where the Card Program manager has total control of the card program with low costs. |
As the Stored Value market continues to evolve, the characteristics of the processor relationship are shifting; from being functionally, an outsourced service with limited control, to total ownership and complete autonomy. Processors are becoming more involved with providing core business functions. The net result is an increased synergistic partnership, rather than an arm’s length vendor-customer relationship, as in the past.
There are currently three types of processing relationships; a Processor Controlled ASP model where the client is beholden to the processor for all aspects of their business, a licensed model that has massive start up and ongoing costs and a Client Controlled ASP model where the Card Program manager has total control of the card program with low costs. |
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| Service Delivery Models |
| There are currently three types of processing relationships; a Processor Controlled ASP model where the client is beholden to the processor for all aspects of their business, a licensed model that has massive start up and ongoing costs and a Client Controlled ASP model where the Card Program manager has total control of the card program with low costs. |
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| Processor Controlled ASP Model |
| These processors have been the historical mainstay of the Stored Value business. While they provide the ability to manage card programs; their inflexibility, slow speed to market and antiquated functionality, have made it increasingly difficult, to keep up with innovations in the industry. This relationship is rather like outsourcing your card program, with the inherent lack of control and problems that arise from this type of partnership. |
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| Licensed Model |
| For companies that want to control their own card programs, this may seem like the ideal solution. However, this is a complex and expensive proposition; prohibitive upfront and ongoing costs combined with the need for an extensive IT department make this solution extremely expensive and unwieldy. |
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| Client Controlled ASP Model |
| This is the ideal model and the one that i2c provides. It is an “end to end” or holistic solution. It empowers the owner by combining the benefits of a licensed model (Control) and an ASP model (Low Costs). Businesses have the functional control and flexibility to run their business the way they would like. An added and critical business advantage is access to market leading enhancements, giving rise to a leading competitive edge. |
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| i2c delivers managed solutions in the following areas: |
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| i2c’s Managed Solutions are offered as a client controlled ASP model, with the associated benefits of low costs and high control. Applications and data are hosted in world-class data centers and accessed via secure connections over the internet, thereby replacing the need for installing and maintaining hardware and applications. All data back-ups, software upgrades, and General IT maintenance is done on a continual basis at our data centers. We utilize only Tier 1 hosting facilities, with the maximum available redundancy, security, and backup systems. Pragmatically, it is cost-prohibitive for an individual organization to purchase and maintain a world class data center, such as is offered by i2c. |
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| Business Advantages |
| The business advantages of Managed Solutions are significant: |
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Lower setup costs |
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Lower operating costs |
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Enhanced operational efficiency |
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The ability to focus on your core business |
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Improved quality of service |
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Reduced risk by managing change |
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Faster response to critical issues |
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Improvements in regulatory compliance |
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Better alignment of technology with business goals |
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Accelerated implementation means faster time to productivity |
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i2c’s Managed Solutions free our partners from the technology puzzle and enables them to focus their attentions on their core business. We take on the responsibility of having the right technology, expertise, and best practices in place, while our clients focus on building their business, knowing they have a partner they can trust and rely on. We ensure that your systems and business processes are up and running and operating at peak levels.
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