In today’s CardFlash News Que: WEX (GraspPAY); FIRST SERVICE CU (Choice Rewards); FIRST ATLANTIC COMMERCE (Magnerto) and COGNIA (IVR).
WEX – WEX, a leading provider of corporate payment solutions, has been selected by Grasp Technologies as its virtual credit card issuer for GraspPAY, a business travel payment solution that is flexible, free and easy to use. GraspPAY provides the following key benefits for travel management companies (TMCs) and corporate customers:
• Establishes an integrated payment solution to seamlessly deliver single-use virtual credit cards to global distribution systems (GDS) and online booking tools. Virtual credit cards are increasingly being adopted as an alternative to issuing employee corporate cards, and they offer a wide range of benefits from reducing fraud to easing reconciliation.
• Generates WEX virtual cards automatically within the travel agent’s current booking flow and improves operational efficiency by automating the process of reconciliation. Historically, TMCs’ use of virtual cards has been labor intensive, as they had to insert card numbers into each GDS booking.
• Offers TMCs a flexible payment solution in up to 22 currencies through the GDS.
• Avoids transaction and set up fees.
FIRST SERVICE CU – First Service Credit Union has launched a new debit card rewards program, giving its members more opportunities to earn prizes and gifts for each purchase they make. The credit union today unveiled its Choice Rewards program, which gives cardholder members a point for each dollar spent when they don’t use their PIN number, and a point for each two dollars spent when they do use the PIN. The program is tied to First Service Credit Union’s free checking account, which includes other free features such as home banking, bill pay, and electronic statements.
FIRST ATLANTIC COMMERCE – First Atlantic Commerce enables international merchants to accept payments in up to 145 world currencies in real-time on a 100% PCI-compliant platform. Meticulosity’s Magento extension allows merchants to take advantage of all of FAC’s offerings:
Authorize and Capture or Authorize Only Modes
Support for 3DS and Non-3DS Modes in One Extension
Credit Cards Can Be Processed by Customers and in Admin Orders
Switch Between Test Mode and Live Production Mode in One Click
Ability to Choose Post-Transaction Order Status
AVS and Tokenization Support
Simple Licensing and Support for Development Sites
Fully Secure and PCI-Compliant
COGNIA – Cognia, a world leader in intelligent communication solutions, is pleased to announce Cognia Secure-Agent and Cognia Secure-IVR. The products offer a unique, scalable and secure alternative to traditional pause-and-resume call center applications, resulting in significantly reduced PCI-compliance burdens, improved risk mitigation strategies and a better customer experience.