Are you looking for a solution to minimize the risk and cost of cash in your business?
Do you have a problem with fraud regarding loan pay-outs?
Are you considering a cash card to maximise your business?
Mycomax>> has been issuing cards since 1996 and therefore we understand the challenges around the implementation of card issuing.You need One System, One Relationship with Maximum Control and Mycomax>> now offers you a solution to simplify your life.
Funds are transferred electronically from your SureBank™ merchant account to a Mycomax>> Cash Access™ Card using our seamless QuickMoney™>> software platform, with minimum additional administrative work.
- Merchant disburses loans into CashAccess™ Card
- Clients can access money via ATM & Debit Card distribution points
- Account can’t accept salaries
- No Debit orders allowed on account
- No EDO deductions allowed on card
- CashAccess™ Card can be funded over and over via Service point.
Benefits to you the Merchant
- Reduce risk of cash on your premises.
- No need to transport cash from bank to your premises
- Manage cash flow better- eliminate the “Out-of-Cash” scenario.
- Manage the relationship with your clients as single provider
- Electronic audit trail of pay-outs in QuickMoney™>> and merchant statements.
- No need for 3rd party integration and separate systems to manage the cards.
- Reduce internal fraud associated with cash.
- Personalization and Co-branded opportunities are available on volume orders.
Regarding the Process:
- Issue, activate and fund the card within minutes from one system.
- Your clients are “ring fenced” and their data is safe within your office.
- Minimal administration work regarding client FICA.
- No need to get the client to change his Salary Account
- Regarding Cost and Fees:
- Flat fee per transaction to transfer any amount from merchant to cash card.
- Reduce cash handling banking fees
- Save on cash in transit services e.g. Coin Security.
- Funds collected via EDO are available before 8am for disbursement to clients.
- Eliminate time wasted to transfer fees from merchant account to operational bank account.
- Use one system to manage everything.
Contact our Sales Department for more information: firstname.lastname@example.org