In these modern times when companies are looking beyond cash and credit cards for a fast & secure mode of transaction, the e-Purse solution from Vice Versa International is the answer to the needs. e-Purse is an electronic purse equivalent of carrying hard cash; it is a highly secure mode of payment where the amount is loaded onto a smart chip with multiple usage capabilities. The solution is simple and fast to implement and can work independently without integration to other systems.
The validity of the smart cards can be fixed to make them re-usable; cash can be loaded on to the card at certified loading points with the help of terminals (which resemble credit card terminals and just need a phone line and power source).
The customer simly needs to present the card at the time of payment, where the cashier will deduct the required amount by inserting the card in the terminal (Just like a debit card). A cardholder receipt is printed for every transaction with an updated balance, and a copy is printed for the outlet’s reference (Merchant copy). The e-Purse solution helps in promoting a secure & high-light while enhancing the overall customer experience.
The advantages of the e-Purse are as follows:
• Payments secured in advance - avoid payment defaulters, credit card frauds etc.
• Ease of payment, the cashier counters can go cashless
• Dedicated cash points / appointed staff handling cash
• Detailed transaction reports available for reconciliation
• The card can have multiple purposes i.e. member card / ID & can double up as a white label loyalty solution using the same platform.
