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| Why a Stored Value Solution? |
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There are a myriad of opportunities to monetize the massive opportunity in stored value products. Whether it’s a prepaid debit, gift, payroll, or a proprietary label card, i2c offers a wide range of products and services to support and manage a successful card program.
Cards can be disposable or reloadable, issued in any denomination, purchased at an ATM or more traditional POS environment, and used within a global merchant acceptance infrastructure already in place using existing magnetic stripe technology.
i2c’s stored-value card management program provides the flexibility businesses require, to capture new revenue opportunities across multiple cardholder segments. |
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| What is the Stored Value Solution? |
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i2c’s stored value solution, MCP is a modular suite of management tools designed to provide comprehensive solutions to new and established players in the stored value sector. MCP supports client-configurable program management, cardholder account management, card distribution and other essential services for card issuing partners.
Using MCP’s flexible design, business partners can specify card parameters, set transaction limits, establish fees and charges, manage sales channel activity, and define services they wish to offer to cardholders. Banks and card-issuing clients are able to configure new services in order to permit competitive differentiation, enable the support of unique program requirements, and capitalize on new product opportunities, ultimately achieving business success.
MCP takes a whole product approach and offers all the necessary components for a successful stored value program, including back-office, settlements, reconciliation, customer service and fulfillment etc. This modular approach reduces time to market, resulting in cleaner integration, more efficient operations and over all a better user experience. |
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| Who should be using MCP? |
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| Card Program Managers |
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Autonomously configure and launch new programs in days not months |
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Wide portfolio of up-to-date services and products |
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Complete managed solution for prepaid accounts |
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Customer website for viewing transactions, checking card balances, selecting or changing PIN numbers, online statements, etc. |
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| Bank providers/issuers |
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Numerous and effective, customizable fraud filters to identify and track suspicious transactions |
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Provides an acquisition tool for the Unbanked and Underbanked |
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Real-time queries and reports based on accurate recordkeeping and historical data |
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Automated tracking and reporting of program activity |
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| Employers |
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Attract and retain contracted employees |
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Eliminate the process of reimbursing travel expenses |
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Manage and reduce payroll expenses and generates additional revenue |
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Reduced cheque cashing costs |
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| MSO’s/ISO’s |
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Fully integrated commission calculation definition and sales management solution |
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Innovative and transparent compensation structures attracts new distribution partners |
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Load payroll and commission payments (through batch loading) |
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Recurring revenue from usage and interchange fees generated from transactions |
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| Merchants |
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Build, manage and track the results of multiple channel marketing campaigns, using any combination of voice, email, fax, SMS and web |
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Define promotions, create collections of SKU's and assign specific SKU's or collection of SKU's |
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Enhanced image/brand reinforcement - acts like a miniature billboard |
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Increase visits, sales, and average spend |
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| MLM’s |
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Define rewards plans and campaigns based on the value of a transaction, type of transaction, merchant category code (MCC) or other criteria |
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Handles complex compensation plans across multiple stakeholders |
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Increased effectiveness of cross promotions, sponsorships and collaborative marketing |
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Business-process aligned, modular, high value and performance-based training program |
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| Why MCP? |
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| Choosing the right solution carries considerable risk. To succeed, your solution needs to be agile and imaginative enough to respond to changes in your business model, target demographic and ever changing market forces and regulations. Retaining control of your business, providing quality service, keeping costs down and under budget are all critical factors in guaranteeing success. |
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| Conceive - The ability to define a card program according to your needs not your processors limitations, is essential to success. MCP has the most complete product definition and services available today. |
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| Configure - Real time product configurability is an essential business requirement for serious players. MCP is unrivalled in real time configurability. This ability to autonomously customize in real time, not only the products that you sell, but also how you sell and service them, gives you the ultimate competitive edge. |
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| Control - MCP gives you complete control over program/product definition and configuration to support rapid, iterative development, with the ability to receive feedback early in the process, anticipate change, and rapidly deliver ROI. |
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| Costs - i2c has the most competitive pricing available. There are no added indirect costs, software to install or extra hardware to purchase. i2c provides bundled and unbundled pricing to suit the economics of any card program. |
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| Competition - Not only does i2c give you an uncompromising business edge, it does not compete with you. Most processors compete directly with their clients. |
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| Client Services - I2c understands that dedicated, ongoing support is essential in helping you maximize your ROI. Client Support Services are available 24/7 via phone, Web site or e-mail. |
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| What are the applications of MCP? |
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Cash cards are available as general use disposable cards or as reloadable cards that allow access at ATM and POS terminals. Cash card products include prepaid cash cards, refund cards for purchase returns, promotional cash reward cards, campus cards, and cash cards for messengers or temporary help who need occasional access to funds…..more
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Payroll cards are a cost effective alternative to printing, cutting, and mailing paper payroll checks. The payroll card is reloaded with the value of the employee’s wages, allowing the cardholder to use the card at ATM or POS terminals…..more
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A gift card is a prepaid card with a merchant name or logo. The card can be issued in bulk to the merchant with a predefined or unique value. The card can be used for payment of goods or services with the merchants participating in the card program. The cards are activated and loaded by the merchant at the time of purchase and can be used until the card expires or the funds are fully depleted.…..more
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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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The mall stored value card displays a mall name or logo. The card can be issued in bulk with predefined value or unique value. The mall card is designed for a closed system and can only be used for payments of goods or services with those merchants who participate in the program. The card is activated by the participating mall at the time of purchase and can be used until the card expires or the funds are fully depleted……more
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Ask a roomful of merchants what loyalty is and you will most likely get as many answers as there are people. The challenge of implementing loyalty programs is that the broad nature of their definition can make implementation a nightmare…….more
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| What are the business benefits of MCP? |
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Improved operational efficiency |
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Superior customer service |
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Reduced time to market for new products and services |
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Real-time authorization and near real-time settlement |
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Ensures that transaction processing is secure and reliable |
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Supports high volumes with real-time response |
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Facilitates rapid development of new products and services |
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Provides access to data in multiple systems |
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| By managing the various aspects of cardholder services, i2c enables its clients to focus on their core business, while improving operational efficiencies, service quality and profit potential in the process. |
