|
Program Features |
Feature Description |
Restriction / Notes |
|
Card Program Options |
|
Co-branding |
Co-branding program allows clients the opportunity to create
their own card design according to the brand specification
of the financial network and card issuer. 12-14 week setup. |
Fees vary according to requirements and the issuing bank. |
|
Pre-approved |
Pre-approved designs allow a choice of card designs from
issuers pre-approved library. 45 day set up. |
Only applicable with some issuing bank partners. |
|
Standard - Generic |
The members banks standard off the shelf product. 45 day
setup. |
Only applicable with some issuing bank partners. |
|
Currency Requirements |
|
Passive Issuance |
Based on a base currency of USD, Euro or GBP. |
|
|
Local Currency |
Creation of a local currency card program can only be under
a co-branded requirement and may require in the region of
$60,000 - $75,000 to cover all licensing and regulatory
requirements. |
Does not apply to USD, AUD, EUR, GBP, CDN or AED
requirements. |
|
Account Type |
|
EMV Compliant |
Chip and Pin/Smart Chip technology for pin based
transactions. |
Only applicable with some issuing bank partners. |
|
Standard Magstripe |
Swipe and transaction sign off. |
|
|
Virtual Account |
No Physical plastic card. Just the assignment of an
electronic account with card number, expiry date and CVV
code for online transactions. |
Only applicable with some issuing bank partners. |
|
Card Fulfillment |
|
Centralized Fulfillment |
Card fulfillment performed by issuing bank. |
|
|
Client Fulfillment |
Card fulfillment performed by client providing specific
storage issuance procedures can be demonstrated. |
Only applicable with some issuing bank partners. |
|
Card Loading |
|
Retail Loading |
Utilizing existing nationwide retail top up loading network. |
UK, Europe, USA, Canada and Australia only. |
|
Client Loading |
Clients responsible for card loading management through
depository account held with the issuing bank. |
|
|
Non-Reloadable |
Gift card schemes (non reloadable, no KYC requirements) |
Only applicable with some issuing bank partners. |
|
Platform Integration |
|
Web Integration |
Allowing a client to utilize its existing website as card
holder administration. |
Applicable to co-branding. |
|
API Integration |
Ability to use real-time API for loading and card
production. |
Only applicable with some issuing bank partners. |
|
Batch Integration |
Ability to use batch processing (XML, CSV) for loading and
card production. |
|
|
Miscellaneous |
|
Cashback Loyalty |
Incorporation of a loyalty scheme providing card holders
discounted access to thousands of online merchants. |
USA, Europe and Australia only |
|
Contactless Integration |
Ability to incorporate paypass/paywave technology |
Europe, Australia only. |
|
SMS Technology |
Ability to incorporate SMS Loading, card to card transfer,
transaction and balance status. |
Europe, USA, Canada and Australia only. |
|
KYC
Requirements |
Cardholders must be identified for card issuance and card
activations. |
Requirements provided by the issuing bank partner. |
|
International Issuance |
Only applicable to closed user type projects in adherence to
cross border passive issuance regulations. i.e. credit
unions, network marketing organizations, remittance
projects. |
Retail programs prohibited. |
|
Project Requirements |
Minimum volume of 3000 for generic schemes (1000 considered
for specialized requests) and 5000 - 10,000 for co-branded
schemes. |
Security Deposit may be required for |
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SOHO SQUARE
