Simplify Global Corporate Payments.

Transcription

1 Simplify Global Corporate Payments

2 MyChoiceCorporate Overview MyChoice Prepaid Debit Cards allow businesses to streamline commission, business, incen ve, and travel payments and control expenditures with enhanced convenience, flexibility, and security. Businesses can easily make payments across the globe in mul ple currencies without the need for cardholder bank accounts or credit checks. MyChoice is simple to set up and manage, and it offers a hassle-free payment solu on for employees, agents, affiliates and suppliers þ þ þ þ þ Available in three currencies USD, GBP, EUR Op on to select Standard, Standard Professional or White label Easy and fast online account approval* No requirement of credit checks or bank accounts Easily issue prepaid cards to your employees, agents, suppliers etc. add money to their cards for any pay-outs *subject to successful business and personal verifica on process

3 MyChoice Features Simple predefined programs turnkey offering or customisable programs Reloadable prepaid card accounts for easy payout Available on Visa or MasterCard network Plas c or Virtual Card account Chip and PIN card security 6 Secure integra on, card personalisa on and value load via business applica on, file upload or secure API

4 MyChoice Use Cases Payment Card Corporate Card Incen ve Card Purchase Card Transfer funds to any card anywhere in the world securely within minutes. The end-to-end process is seamless and extremely cost effec ve compared to conven onal banking processes, reducing opera ng expenses. Limit expense exposure - Issuing a MyChoice prepaid card will ensure that expenses can t be any more than the funds allocated to the debit card, pu ng businesses in charge of costs. Repor ng is easy, quick and in realme. MyChoice is the perfect payment vehicle for promo ons and incen ves. It can be as a gi card, a travel voucher or even linked to an affiliate program. You control the amount and nature of the incen ve. The MyChoice prepaid card is a simple way to provide secure access to cash at ATMs and merchants worldwide via the Visa card network. Available in three currencies USD, GBP, EUR.

5 MyChoice Use Cases Gaming Payouts Currency exchanges Domes c or Interna onal Remi ance Peer to Peer Lending Payouts MyChoice Card is the most efficient and secure way for players to get quick access to their winnings. Players can receive funds instantly and cost effec vely elimina ng the need for bank transfers and cheques Commodity brokers, op on traders, gold brokers, transfer agents, equity traders can eliminate cheque and bank disbursement to clients by offering real me payouts on MyChoice Cards. Payouts can be automated and easily reconciled by using MyChoice Cards MyChoice Cards enables domes c and interna onal remi ances. Money is available to the receiver instantly. Receiver can then spend the money at POS or withdraw cash from ATM. Thereby elimina ng the need for bank transfers, cheques or cash delivery Pay borrowers and lenders instantly on MyChoice cards. Cardholders can spend money at any POS or withdraw cash at ATMs. Easily move money between borrowers and lenders.

6 Business Benefits Cost Effective Lower your operational expenses with all electronic payments Secure Integration Card personalisation and value loads via business application or secure APIs Timely Payments Funds are available to payees within minutes of payment confirmation Flexible Plug in to turnkey features or customise your program with multiple options Speed to Market Solutions to meet your delivery time frame Full Service 24/7 and telephone support for account management, to report lost or stolen cards, and fraudulent transactions

7 Cardholder Benefits Easy No bank account or credit history required for cardholders Ubiquitous usage Any me, anywhere access to funds via ATMs and point of sale Convenient Self service access to account via user friendly website and mobile applica on Cost Effec ve Simple and transparent fee structure Support Support via and Phone

8 Getting Started 1 Visit and sign up with your business and personal details 2 Add money to your account. Upload documents to raise your limits 3 Login to your business account and enroll card holders and send money to card holder instantly any me

9 How it Works Corporate enrolls for card program. Corporate adds money to their corporate prefunding account Corporate enrolls card holders Standard KYC and AML for card holders apply Corporate instructs WaveCrest to credit funds to card holders account WaveCrest debits corporate prefunding account and credits card holder account. Cardholder can use these funds at any ATM or POS terminals using the card

10 MyChoice Program Variants Standard White Label Card Design Standard Branded Cardholder Website Standard Branded Mobile App Number of Cards Physical & Virtual Card Multi-currency Standard Any number of cards Yes USD, GBP & EUR Branded Minimum 1000 cards Yes USD, GBP & EUR * Cardholder Fees & Rules Standard Custom Setup Cost Free Yes API Integration Co-branded Card Optional Upgrade Optional Upgrade. Minimum order of 500 card stock Included Included Revenue Share Optional Upgrade Yes * Additional currencies available on request. White Label Multi-tenant Program includes the enrollment for Additional Business Partners in Client Program.

11 Standard Program Fees Business Partner Fees Business Partner Fees USD EUR GBP Plastic Card Issuance Per Card $ Virtual Card Issuance Per Card $ Plastic Card Normal Delivery Per Card $ Plastic Card Express Delivery Per Card $ Card Load Per Card $ Cardholder Fees Cardholder Fees USD EUR GBP Purchase Transaction Per Transaction $ ATM Transaction Domestic Per Transaction $ ATM Transaction International Per Transaction $ Monthly Maintenance Fee Per Month $ Foreign Transaction Fee Per Transaction 3.00% 3.00% 3.00% Card to Card Transfer Per Transaction $ ATM PIN change Fee Per Transaction $ Card Replacement Per Occurrence $ Express Shipping Per Occurrence $ Direct Bank Loads Per Transaction $ Real Time Bank Transfers Per Transaction Based on the Transfer Type

12 MyChoice Rules & Limits Rules KYC 1 KYC 2 USD EUR GBP USD EUR GBP POS Rules Number of purchases Per Day No Limit No Limit No Limit No Limit No Limit No Limit Value of purchases Per Day No Limit No Limit No Limit No Limit No Limit No Limit ATM Rules Number of ATM transactions Per Day Value of ATM withdrawal Per Transaction $ $ 1,000 1, Value of ATM withdrawal Per Day $ $ 2,000 2,000 1,600 Maximum ATM withdrawal Lifetime $ 1,000 1, No Limit No Limit No Limit Loading Rules Max any single load Per Day $ 2,500 2,500 2,000 $ 10,000 10,000 8,000 Max any daily load Per Day $ 2,500 2,500 2,000 $ 20,000 20,000 16,000 Max any lifetime load Lifetime $ 2,500 2,500 2,000 No Limit No Limit No Limit

13 MyChoice Rules & Limits Rules KYC 1 KYC 2 USD EUR GBP USD EUR GBP Bank Loads Max single load Per Transaction $ $ 5, Max daily load Per Day $ $ 5, Maximum lifetime Bank loads Lifetime $ 2,500 2,500 2,000 No Limit No Limit No Limit Number of Bank Loads Per Day Corporate Loads Max single load Per Day $ 2,500 2,500 2,000 $ 10,000 10,000 8,000 Max daily load Per Day $ 2,500 2,500 2,000 $ 20,000 20,000 16,000 Max lifetime load Lifetime $ 2,500 2,500 2,000 No Limit No Limit No Limit Number of Corporate loads Per Day P2P Transfers Number of P2P transfers Per Day Value of P2P transfers Per Txn $ $ 1,000 1,000 1,000 Max lifetime load Lifetime $ 2,500 2,500 2,000 No Limit No Limit No Limit

14 MyChoice- Mobile App

15 MyChoice- Web Portal

16 MyChoice - Mobile App ATM Access and Shopping Wallet JOHN SMITH Stored value account to hold funds Receive promotions and shop with participating merchants Person-to-person funds transfers to friends and family e-invoices

17 MyChoice - API List 1. Create Card 2. Get Card Details 3. Card Load 4. Business Partner Balance Enquiry 5. Get Transac on Accounts 6. Get Transac on History 7. Balance Enquiry 8. Transac on History 10. Ac vate Card 11. Get Status 12. Replace Card 13. CardHolder Info 14. Status Change 15. CardHolder Update 16. Card To Card Transfer 17. Create Business Partner 9. Update User KYC

18 MyChoice Cards and more...

19 Client List and more...

20 About Wave Crest Company Credentials Ÿ Ÿ WaveCrest is an issuing-processor that is redefining the prepaid business model. Licensed E-Money issuer regulated by the Gibraltar Financial Services Commission (License no FSC0056NK) Ÿ Ÿ Ÿ VISA - principal member in Europe Discover - Non FI issuer in USA Registered Provider of Prepaid Access with FinCen Ÿ Passported to all EU/EEA states. Ÿ PCI DSS level 1 Cer fied Ÿ MasterCard Principal member in Europe Ÿ Undergone SSAE16 SOC1 audit and received Type I report from our CPA firm Award Winning Enterprise

21 Award Winning Platform CONFIGURATION LAYER PAY-IN CHANNELS Cash at Retail CORE FUNCTIONALITY LAYER PAY-OUT CHANNELS Purchase Bank Transfer (ACH/Wire) ATM Withdrawals Cash Advances Cheque Cash back at Retail Credit/Debit Card Social/Gov't Benefits Lottery/Gaming Prizes Tax Refunds Payroll PLATFORM INTEGRATION Account Issuing Multi-purpose & Multi-currency TRANSACTION ACCOUNT Issuer Processing Value Load Acquiring Value Added Services Back Office Operations PLATFORM INTEGRATION Bank Transfer (ACH/Wire) Bill Payment Remittance Commissions BIN Sponsorship Card Program Management White-label Program Fraud/Risk Management Peer-to-Peer Transfer and more and more Web-based Mobile Retail POS IVR & SMS Back Office

22 5 QUESTIONS TO ASK BEFORE YOU SET UP AN ELECTRONIC PAYMENTS PROGRAM Your business wants an efficient and secure way to pay employees, freelancers and suppliers around the globe. But there are some important questions to ask before you move your operation to an electronic payments provider Hours How quickly can the program be set up so that you can begin making payments to cardholders? An experienced provider can launch your program in as little as 72 hours. 2 How secure is the platform? Make sure your provider is a regulated entity. Because regulated entities have gone through a more extensive due diligence process, they may be able to issue cards, acquire members, provide authorisation services, and much more. Be sure to ask about back-up systems for a failure and know how your data is being protected.

23 3 How many systems need to be integrated? Prepaid payment programs are notorious for having to bring together multiple players including issuers, program managers and processors. Look for a partner who can be your full-service provider, to reduce steps, and save you time and money. Also how easy and flexible are their systems able to integrate with yours? 4 Is the solution global? Even if you don t need it today, a global platform allows you flexibility into the future. It also means you have a partner with global reach and scale. 5 How friendly is the consumer interface? Customer satisfaction is the key to adoption of an electronic payments program. The verification process must be quick and funds should be made available immediately. Are there mobile options to track the balances? Is there 24/7 customer service support? Itis essential to test these factors from the eyes of your customer before you choose a partner.

24 Talk to our experts : sales@mychoicecorporate.com USA West Atlantic Blvd, Coral Springs, FL Offices Gibraltar (Head Office) 12 Tuckey's Lane, Suite 2B, Gibraltar GX11 1AA India 39, 3rd floor, Tower-A, Ananth Info Park, HITEC City, Madhapur, Hyderabad, Telangana