Streamlined processing between currencies benefits businesses, governments, and consumers
REDWOOD CITY, Calif. – April 8, 2013– i2c Inc., a provider of payment processing and emerging commerce solutions, announced today that it is live with multi-currency purse technology on its global payments platform, MCP. Developed in December 2012 to enhance MCP’s native globalization features, the technology gives consumers of prepaid cards the option of separating their funds into multiple currencies while using just one account.
The new feature streamlines processing between currencies and provides real-time enhanced funds loading and transfer options. At the Point-of-Sale (POS), the local currency of the consumer’s purchase is automatically detected, matched to the applicable currency purse on their card, and debited using that currency. In addition to making purchases in multiple currencies, consumers may also load funds in any currency and transfer funds between currencies in real-time via text message, web or IVR.
i2c’s multi-currency purse feature is configurable for all currencies, making it ideal for global travel and disbursement card programs.
Patricia McPeak, vice president, product marketing at i2c says, “The ability to load, spend and transact across currencies in such a frictionless manner will save consumers time and allow them to avoid fees associated with money transfers, currency conversion, and foreign transactions.”
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.
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