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.

 

 The Card

• 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

Regarding Cash:

• 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.

Regarding Control:

• 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.

Regarding Convenience:

• 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: sales@mycomax.com