PowerCARD-Issuer is a comprehensive solution designed to facilitate the issuance and management of various payment types, including credit, debit, and prepaid cards, across all formats. Tailored to support a diverse range of issuers—from small enterprises to large global financial institutions, banks, credit companies, retailers, and private card processing firms—this system offers extensive multi-currency, multi-product, multi-institution, and multi-language capabilities. It efficiently manages card portfolios across different countries and issuers on a unified global platform.
Key Features and Functionality:
- Card and Customer Management: Includes modules for card management and interfaces to streamline operations.
- Customer Account Management: Offers credit and prepaid account modules, along with necessary interfaces.
- Issuer Clearing & Settlement Management: Supports international and domestic schemes, as well as PowerCARD-managed schemes.
- Fraud Management: Incorporates batch fraud modules and relevant interfaces to enhance security.
- Chargeback Management: Features dedicated modules for handling chargebacks efficiently.
- Reporting Management: Provides reporting and dashboard modules, along with interfaces for comprehensive analytics.
- Loyalty Management: Includes advanced loyalty and push marketing modules to boost customer engagement.
- Security Management: Utilizes HSM interfaces to ensure robust security measures.
Additionally, PowerCARD-Issuer offers over 120 APIs through the PowerCARD Connect portal, enabling third-party systems to trigger services or access data stored on PowerCARD, fostering the development of innovative applications.
Primary Value and User Solutions:
PowerCARD-Issuer empowers financial institutions to modernize their payment systems by enabling origination from any channel and format. Its rule-based engines and advanced workflow designs enhance the collection and utilization of payment information, leading to improved operational efficiency. The system's configurability and accessibility allow for tailored solutions that are not feasible in more rigid environments. By providing a consolidated view of customers and their transactions, issuers can drive revenue growth through enhanced customer retention and acquisition strategies.