i2c’s agile payment technology provides convenience and eases payments for ECARD world travelers
REDWOOD CITY, Calif. – October 29, 2019 – i2c inc., a leading global provider of digital banking and payments processing technology and infrastructure, has announced that ECARD, the FinTech focused on providing better, faster, and simpler payment solutions for U.S. travelers bound for Asia, is leveraging i2c’s Agile Processing platform to power its payment card offering.
At the core of ECARD is a prepaid debit card based on the “SmartWallet” concept that allows day-to-day purchases, both domestically and internationally, on the UnionPay network. ECARD allows its cardholders to withdraw local currency from ATMs while traveling abroad, offering significantly lower foreign exchange fees. The program also allows ECARD to participate in the UnionPay rewards program to offer cardholders additional benefits in more than 1,500 merchants worldwide.
Additionally, ECARD cardholders can instantly send payments to other ECARD account holders. With a few simple clicks in the mobile app, funds can be made available from one cardholder to another, increasing control of how they manage their money as well as saving time and energy.
UnionPay cards are particularly important and useful to Americans who regularly travel to the Pacific for business or personal reasons, since it is the most widely accepted card brand in Asia Pacific, with overall acceptance rate of over 90%. In China, for example, UnionPay is accepted at almost all merchants and ATMs. In addition, UnionPay is accepted at merchants/ATMs across 177 countries and regions, including the U.S.
Now, American travelers can leverage their ECARD to simplify purchases without worrying about currency exchanges. Everything is handled automatically through the program developed using i2c’s platform and direct connections to UnionPay. ECARD becomes the default choice for their payment needs worldwide.
“We’re excited about partnering with ECARD to provide a seamless cardholder payment experience to their customers who travel from the U.S. and make card purchases or withdrawals at ATMs,” said Amir Wain, founder and CEO of i2c Inc. “With i2c’s single-source global platform and highly-configurable architecture, ECARD has instant access to setup new or change current cardholder reward programs quickly and easily, as well as launch to their cardholders in record time.”
i2c’s agile payment platform offers advanced APIs and a robust suite of program management tools and controls to power new and innovative payment solutions. Built from the ground-up to offer multi-purse and multi-currency capabilities, i2c’s platform provides an all-in-one solution for ECARD.
“Our partnership with i2c is a critical component to providing innovative payment options that not only meet but exceed the needs of our cardholders,” said Wayne Tsao, Chief Executive Officer of ECARD. “i2c’s global presence, UnionPay certification, 100% platform availability for over 19 years and core capabilities give us everything we are looking for to help us scale our programs worldwide.”
About ECARD Inc.
ECARD Inc. is a FinTech company based in the heart of New York City and was founded in 2017. ECARD is the first platform that connects the world’s largest network UnionPay with U.S. registered Global Bank (member of FDIC) to enable cross-border payment solutions. With a vision to improve the ever-changing financial ecosystem, the company delivers a better, faster, and simpler payment solution for customers who travel internationally or make day-to-day purchases at home. To break the barrier of the global payment system and redefine the way people bank in the world, ECARD Inc. utilizes advanced technologies to provide an innovative financial service that enables frictionless transactions among individuals and organizations beyond countries and regions. Visit www.ecardinc.com for more information.
About i2c Inc.
An award-winning global financial technology innovator powering credit, debit, prepaid, core banking, and money movement solutions, i2c unifies banking and payments in an all-in-one platform, transforming product personalization with a customer-centric architecture and accelerating speed-to-market with composable building-block solutions. Financial institutions and fintechs globally trust i2c to help them quickly and efficiently configure and scale differentiated financial offerings in an evolving, competitive market. Powered by innovation and driven by trust for more than 24 years, i2c blends modern ingenuity with expert reliability to supercharge exceptional banking and payments experiences for millions of users and billions of transactions worldwide.
For more information, visit i2cinc.com and follow us at @i2cinc.