Credit Host Engine
The MX+ credit host allows for calculating interest, analyzing minimum amount owed, setting up credit limits based on transaction type, time period, and/or tolerance percentage, flexible payment methods (massive data import, automatic withhold or cash in branch) and managing unpaid dues (includes management of third party collection providers, warning letters, management of guarantors etc.)
Prepaid Host Engine
The MX+ prepaid host allows for setting up of top-up limits based on time period, transaction type and account type. Top-ups can take place via multiple channels such as web, kiosks, POS terminals, mobile and banks (cashier). Anti-laundering rules, spending limits and functionalities such as money transfer between individuals may be enabled.
Card Authorization
MX+ supports standard transaction processing including EMV authorization and authentication across all card schemes (MasterCard, Visa, American Express, POS EMV, Domestic Debit, JCB, China Union Pay, Diners etc.) and across all card technologies (Magnetic Stripe, Chip, Virtual – Tokenization, RFID etc.). Authenticity of the card and technical validity of the card is based on a series of standard checks codified by EMV and required for PA-DSS and PCI-DSS certifications.
Card Loyalty
MX+ offers a comprehensive loyalty and rewards program that allows institutions to set conditions for loyalty points and cashback according to the institution’s target customer and strategy. MX+ also allows for simultaneous management of several multi-partner loyalty programs. The cashback programs may involve a combination of real cash and/or closed loop currency.
Advanced Management and Customer Service
MX+ supports Statement Management, Cancellation and Black List management of cards through a 24*7 call center. Additionally, real time notifications are sent to the customer via mail, email and SMS.
Card Lifecycle Management
MX+ supports the entire card lifecyle from card type and design to activation of the card. Instant and Personalized Card Issuance, Blocking/Hot-listing of Cards, Card Replacement, Add-On Cards, Linking/Delinking of Accounts.
BENEFITS
CARDHOLDER
The card service allows the customer to subscribe to any payment instrument in a matter of a few minutes. Also, the customer is able to choose from a wide variety of high value services.
CLIENT
The client benefits from a centralized management of all types of payment cards, a support for the entire lifecycle of payment instruments, an ability to target the unbanked population and a high level of parameterization combined with a short time to market.