Procard LTD provides an ingenious, fast and easy way to launch your own payment card project for new players in the payment card market. The special Digital Banking Service is a tool that allows you to quickly begin serving holders of your own issued cards, ensuring strict compliance with all the requirements of international payment systems, local regulators and compliance with information security standards - PCI DSS, PCI 3DS and PCI PIN Security.
In our opinion, this service is especially featured to fintechs of mobile operators who want to expand possibilities of mobile phone wallets with modern payment opportunities which give payment cards.
Who are our Clients?
The answer is very simple – any modern company that wants to be ahead and wants go digital:
- Bank that wants to bring nowaday online services to their customers
- PSP company that wants to connect customers tightly to they trendy digital services
- Micro Financing Organization that wants to keep customers and prolong servicing life circles
- Mobile operator that wants to offer newest financial services to their customers
- Retail company that wants to extend their business with new financial facilities
Digital Bank Service
Who are the customers of Digital Bank Service?
- People who “live digital”
- People who look for reliable financial service which would be:
- fast,
- complete,
- correct and
- timely
- People who want to have both the banking service and the service of the Client on board of their mobile phones in the joint application
Digital Bank Service In Two Words
- From one side:
- Payment card of the “Digital only” issue
- Instant tokenization to the wallet of Google Pay or Apple Pay
- 10 minutes ready to use with NFC-module or in ECOM merchants
- 10 minutes ready for access to balances of the card, inner wallet, cashback and overdraft accounts
- From other side:
- Managing of inner Digital Wallet – for example the customer balance of mobile phone
- Managing of Cashback account
- Managing of Overdraft account
- Managing of all
types of transactions - Managing of limits for all types of the payment entities
- Turning between different levels of customer access
Value Proposition Canvas
- What service do we offer?
- Modern on-line banking service which lives in customer’s mobile phone and available 24/7
- Fast initiation: a few minutes from the registration of customer’s account to issuing of
digital card and obtaining its token for NFC-module, Google Pay or Apple Pay - Convenience: all banking services are on board of customer’s mobile
phone and supplement services of the Client - Online control of the client’s funds, limits and transaction
- What creates value?
- The Client – which is native for the customer – provides for him/her the highest level of reliable for financial services needed such as completeness, correctness, timeliness
- What solves the customer’s problem?
- Modern banking service which lives in his/her mobile phone
- Fast initiation of service
- Convenience: all banking services are on board of his/her mobile phone
- Values for the customer:
- Modern banking service which lives in his/her mobile phone
- Fast initiation of service
- 24/7 availability of service
- Online availability to control funds, limits and transaction
- What task does the customer solve?
- Fast service
- No need to visit the bank in person
- 24/7 availability of own funds
- 24/7 availability of credit funds
- Possibility to pay using a mobile phone
What is located “under the hood”?
- Support of cards of Digital-Only issuing – Visa, MasterCard, UPI
- Support of on-the-fly card tokenization (Apple pay, Google Pay, Samsung Pay etc.)
- Special API to Card Management System
- Support of acquiring operations
- Special API for online initiating and managing of all types of the card transactions
- Online support for the card’s balances of four types: on the card, on the digital wallet connected to card, on the card’s cash-back account and on the card’s overdraft account
- Online authorization service which is using four types of card’s balances step-by-step
- Online cashback calculation
- Online anti-fraud monitoring
- Support of clearing and all types of reporting
What is needed to start?
- The financial license from national regulators (like EMI, PI etc.)
- The membership status in IPS Visa or MasterCard
- The developers team for creating of the mobile application and the mobile back-end
- Desire + energy + drive to launch the application which would be unique on your market
In summary, using the Digital Bank Service of Procard LTD is a real way for fast launching of your own payment card projects, ensuring strict compliance with all the requirements of international payment systems, local regulators and compliance with information security standards - PCI DSS, PCI 3DS and PCI PIN Security.
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