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.

i2c is a global provider of highly-configurable payment and banking solutions. Using i2c's proprietary "building block" technology, clients can easily create and manage a comprehensive set of solutions for credit, debit, prepaid, lending and more, quickly and cost-effectively. i2c delivers unparalleled flexibility, agility, security and reliability from a single global SaaS platform. Founded in 2001, and headquartered in Silicon Valley, i2c's next-generation technology supports millions of users in more than 200 countries/ territories and across all time zones.

For more information, visit i2cinc.com and follow us at @i2cinc.

Media Inquiries:

Terri Thibodeaux
Director, Brand and Corporate Marketing, i2c media@i2cinc.com