World Wide Connect to Begin Launch of its New Debit Card

Tuesday 30 March 2004 15:13 CET | News

World Wide Connect is rolling out its new multifaceted debit card with enhanced phone card features. World Wide Connect has spent several years researching and developing an extensive financial infrastructure for credit and debit cards which merchants and retailers can utilize to process all types of transactions at Point of Sale (POS) terminals via telephone, mobile phone, Palm Pilots and other devices found utilizing the internet, as well as, support all aspects of authorizations and message switching, merchant acquiring and debit card issuances.

WWCTs financial platform handles credit and debit cards, merchants and customers within one single integrated solution. It also maintains comprehensive management information to improve business decisions, provides a sales monitoring and tracking capability, incorporates a customer service help desk and includes a complete risk and fraud management system, all of which are needed by merchants and retailers on a world wide basis. World Wide Connect has received initial orders for more than 50,000 co-branded or private labeled debit cards from the following corporations: Zurich Financial, Mercury Partners, Platinum Vacations, The Olympus Group, Prelude Entertainment, P&W Consulting and El Dorado Export. Additionally, an agreement has been reached with a telecom reseller which will allow WWCT to offer the benefit of utilizing its debit card as a phone card offering its users the ability to make domestic and international phone calls at extremely low rates. The company is also in the final stages of delivering a first of its kind Payroll Debit Card where employers can issue a debit card branded with a Visa or Mastercard logo instead of issuing conventional paychecks. Every pay period the employee can opt to have the card reloaded where they can then transfer the money to a bank account, utilize the debit card as a credit card or withdraw funds at over a million ATM machines world wide.

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Categories: Payments & Commerce | Payments General
Countries: World
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