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| Why a POSA Solution? |
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The profitability of a POSA business depends on the variety of products and revenue generation opportunities the POSA program brings to the retailer. Very few POSA solutions support products such as debit and gift cards. In an increasingly diverse environment that brings together emerging delivery channels with legacy systems, processing solutions must be able to communicate with an unlimited number of devices and route transactions to numerous private/public networks and host systems.
The ability to integrate new products quickly and inexpensively is of fundamental importance. New products entering the market require merchants to have agile and scalable POSA technology. While offering a diversified product suite maximizes consumer convenience and access, and creates new revenue streams, solutions are required that connect multiple products and service providers on the backend, as well as a variety of technologies on the front end.
The ability to offer a full product suite is essential in generating additional profit, attracting new customers and promoting repeat business. |
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| What is the POSA Solution? |
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PASPort, an acronym for Prepaid Application Services Port, is i2c’s POSA solution. PASPort provides a multi-channel delivery system that enables a single-user interface to check, activate, load or issue stored value products; process financial transactions such as credit or debit; and perform other tasks such as check cashing and bill payment.
Management of a multiple delivery solution requires a number of features including product-specific functionality, consolidated reporting, and reconciliation data which can be delivered on the Internet, a single terminal, or ATM. Using modular functionality, PASPort delivers end-to-end solutions at every consumer transaction channel. The system accepts transactions from a diverse range of delivery channels, intelligently switching them to a variety of external networks.
PASPort provides a flexible and scalable foundation for rolling out new products and services and provides retailers with fast, accurate, and cost effective in-store data collection and transaction management. In addition to processing transactions, PASPort delivers state-of-the-art POS solutions including transaction management, security, routing, reporting, currency conversion, monitoring, customer service applications, and provides real-time information and control.
PASPort also offers a multi-purpose, multi-channel, electronic transaction processing platform that provides transaction management, security, routing, authorization, reporting, and currency conversion. |
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| Who is the PASPort Solution for? |
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PASPort is an end-to-end, integrated solution that is based on an “open system” and scalable architecture, making it an ideal choice for virtually any size of enterprise.
PASPort significantly benefits consumers, merchants and others involved in payment transactions. Consumers will benefit from ease of use, convenience and increased transaction speed compared to cash and checks. Merchants will benefit from reduced costs as a result of less pilferage, theft and vandalism, and reduced cash handling due to electronic payments.
With more retailers embracing stored value offerings, there is increased pressure to provide reliable POSA solutions that will support any group of products and services. PASPort enables retailers to offer a diverse portfolio of products with zero inventory and provides the ability to reduce costs and manage their business in real-time. |
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| Why PASPort? |
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| PASPort offers management of PINs, provides real-time audit capabilities, real-time delivery and reporting (for both the distributor and retailer), and also offers cash management (ACH) services. |
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| Our retail POS applications can be integrated with an ECR, accessed from the Internet, or run on a standalone POS or a network of POS devices and can integrate multiple services and features, including a variety of prepaid products and the ability to perform real-time transactions with remote prepaid platforms. |
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| Minimal Hardware and Infrastructure Costs - Hosts and manages secure data servers, reducing costs and ensures that all software is supported and maintained. |
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| Flexible Reporting - Flexibility to run a multitude of standard reports (including PIN inventory), create custom reports with ODBC compliant tools, add or remove products, and make changes to prompts, menus or receipts. |
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| Unlimited Devices - Communicates with an unlimited number of devices and can route transactions to a limitless number of networks and host systems. |
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| Multiple Delivery - Management of a multiple delivery solution, including product-specific functionality, consolidated reporting, and reconciliation data accessed via the Internet, a single terminal, or ATM. |
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| Multiple Products - Supports any group of products and services and are neutral as to which product and service is offered. Retailers have direct connections with carriers and other providers that distribute inventory electronically. |
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| Commission Engine - Provides an extremely flexible commission engine, which manages the account chain in real-time, allowing different resellers to earn commissions on different products sold on the same device. |
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| Training - Interactive training programs are customized according to our client’s needs and availability. The training is business-process aligned, modular, high value and performance-based. |
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| Support - Dedicated, ongoing and reliable support is essential in helping you maximize your ROI. Client Support Services are available 24/7 via phone, Web site or e-mail. Our skilled IT professionals manage upgrades, backups, virus protection, security access, etc, so that you can focus on your business without having to maintain a costly in-house support infrastructure. |
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| Real Time Information - Access sales numbers, customer information, inventory and much more information from any store. Retailers have the ability to reduce costs and manage their business from a real-time management and accountability standpoint. |
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| Inventory Control - Reduced inventory costs due to real time tracking and instant access to information. Web-based inventory tracking eliminates the potential to over or under order. |
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| Hardware - Our ASP, or web-based, software allows the use of any type of computer and is extremely scalable |
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| Modular - Various modules can be used separately, allowing the card issuers to pick and choose the required functionality. Modules can be added to a running system to accommodate changing market needs. |
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| GUI - The GUI provides a single-user interface to check, activate, load or issue stored value products; process financial transactions; and perform other tasks such as check cashing and bill payment, cutting down training time and making network management easier. |
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| Security - Datacenter with multiple power backups, redundant internet connections, and security measures are in place. Latest industry standard security technology available. Our security architecture employs a multi-layered approach that provides safeguards at all levels and guarantees privacy throughout the process. |
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| Open Solution - Our open architecture provides deployment and integration flexibility and communicates with an unlimited number of devices and routes transactions to numerous private/public networks and host systems. The solution accepts payment transactions of any type, from any touchpoint, and outputs them in the format required by the appropriate payment network and reduces the cost of deploying software upgrades or making changes to prompts, menus or receipts. |
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| What are the applications of PASPort? |
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| PASPort applications include those that consumers encounter directly or indirectly at the point of sale. Examples include terminals used by cashiers, ATM machines, and in-store kiosks. |
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| Prepaid Solutions |
| FastCash makes the prepaid product delivery efficient while improving control. It minimizes suspect transactions, improves inventory turnover, provides real-time transaction information and improves customer service. FastCash prepaid application can be integrated with your existing POS application or can be deployed as an independent application. The application allows download of variable product lists & receipt formats based on the sales location. It also offers the most flexible commission computation schemes allowing unlimited number of participants to earn commission on a sale based on the product sold, location and time of the year etc. |
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| ATM Driving/Intercept Processing |
| FastCash allows you to manage the dynamic needs of the EFT services market. It provides comprehensive cardholder and administrative transaction set that can be easily implemented in a multi-vendor ATM network…….more. |
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| Card Processing |
| FastCash offers organizations a wide range of features to support and manage credit, debit or private label card programs. Right from processing a new card application to presenting a Web-based online statement, FastCash offers all the necessary tools for a successful card program……more. |
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| Retail Payments |
| Incentive cards are purchased by an employer and sent to the recipient as a reward for excellent performance. Cards can be either branded Visa or MasterCard or non-branded debit cards…..more |
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| EFT Switching/Gateway Processing |
| FastCash is a secure, reliable, scalable and portable platform for Electronic Transaction Processing in a multi-institution, multi-functional, online/offline environment. The system accepts transactions from a diverse range of delivery channels, intelligently switching them to a variety of external networks. |
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| What are the benefits of PASPort? |
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Keep up with the market demand |
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Reduce spend on single solution platforms |
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Provide access to multiple products and services |
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Manage products and services across multiple channels |
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Employ a single-user interface to activate, load or issue stored value products in real time |
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Communicate with an unlimited number of devices |
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Route transactions to numerous private/public networks and host systems |
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Integrate any payment-processing infrastructure |
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Reduce the cost of deploying software upgrades |
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Provide host-to-host connectivity and terminal support |
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