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Issuers and partners in Asia Pacific, Central America, Middle East and Africa to benefit from new prepaid processing options
Singapore, November 20, 2013 – Visa has announced a strategic alliance with global prepaid processor i2c, Inc., affirming its commitment to the growing prepaid market in Asia-Pacific,Central Europe, Middle East & Africa (APCEMEA).
As part of the alliance, Visa and i2c will support the demand for prepaid cards in the region with a focus on a wide-range of product offerings, such as Government Disbursement and Virtual prepaid. The global growth in the prepaid market is forecasted to rise by 44 percent in the next five years, between 2013 and 2018.1 “Demand for prepaid cards is increasing across APCEMEA, which includes some of the world’s fastest growing regions. To make sure Visa can quickly respond to issuer and partner’s needs, we are delighted to announce a strategic alliance with i2c that will improve prepaid processing
options to cardholders throughout the region,” said Stacey Pinkerd, Head of Products – Asia- Pacific, at Visa. “Alliance partners such as i2c will play a significant role in the expansion of the prepaid category by providing prepaid issuers and partners with leading technology solutions that support functionality required by both consumers and corporates across the entire region,” Pinkerd added.
i2c's best-in-class, flexible prepaid processing platform will allow Visa prepaid issuers and partners to develop and manage the full suite of prepaid products throughout the region. i2c, a global prepaid processor that supports programs in the Americas, Europe, Middle East, Asia, and Africa, is committed to expanding in the APCEMEA region to provide Visa issuers and partners with robust, end-to-end prepaid processing solutions.
Amir Wain, Chief Executive Officer, at i2c comments, “i2c's One World, One Platform strategy is to help issuers of prepaid and emerging financial products get to market quickly anywhere in the world using just one processing platform globally. Our alliance with Visa, one of the most respected and trusted brands in financial services, is an important development in the execution of this strategy. We are excited to get to work in partnership with Visa to help financial 1 ABI Research, “Pre-paid Cards: Open & Closed Loop Solutions for Government, Retail, Corporate & the Unbanked” May 2013, http://www.abiresearch.com/press/government-and-enterprise-adoption-driving-44-ship institutions and companies in the APCEMEA region launch differentiated, profitable prepaid programs.”
With the i2c alliance, Visa will be better able to expand its reach into new prepaid markets and provide issuers and partners with the newest payment technology and best-in-class options in all markets across APCEMEA. i2c is a provider of traditional, mobile and emerging payment processing solutions to blue chip clients worldwide, and already works with some of Visa’s prepaid issuers and partners in more than 10 markets.
Visa is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 30,000 transaction messages a
second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, ahead of time with prepaid or later with credit products. For more information, visit corporate.visa.com.
From its Silicon Valley headquarters, i2c provides the infrastructure financial institutions, corporations, brands and governments around the world need to launch and profitably manage payment and next-generation commerce products. i2c's global, cloud-based platform supports virtually any prepaid, debit or credit program in plastic, virtual or mobile form. Clients on six continents use the i2c platform to build profitable, differentiated payment products and services that meet unique customer needs. For more information go to www.i2cinc.com
Cheryl Long Fiona Koh
Visa Worldwide FleishmanHillard for Visa Worldwide
+65 6671 5545 +65 6424 6362 / +65 9100 4325
Melissa Telli i2c, Inc.
+1 650 480 5247
The awards recognize the best innovative technology products and solutions being developed in Pakistan and acknowledge creativity, innovation and excellence in the country’s ICT sector.
EfroTech, a provider of product-based generic software solutions (TimeTrax, BizzTrax, orBItrax, MobiTrax, WebbTrax and eMage) and strategic consulting services is proud to announce that its product BizzTrax-ERP/SCM/POS Software has been declared a WINNER at the P@SHA ICT Awards 2013 in the "eLogistics & Supply Chain Application" category. By virtue of being proclaimed as the worthy winner, EfroTech's team along with other winners will represent Pakistan at the regional APICTA 2013 event in Hong Kong in November 2013.
Yet another award that EfroTech pounced on & was declared worthy of is “Best in Social Media (IT Company)”. This award not only validates EfroTech’s ability of capitalizing new communication technologies but also shows EfroTech’s creative and engaging communication with its thriving audience on Social Media.
Team EfroTech is deeply humbled and grateful to the Almighty Allah for this phenomenal achievement and recognition.
REDWOOD CITY, Calif. – September 23, 2013 – i2c, Inc., a Silicon Valley-based provider of cloud payment processing and emerging commerce solutions, today announced that it is providing SE Giftcards, a provider of next-generation gift card experiences, with processing infrastructure to power the recently launched Zagat Dining Card. SE Giftcards will serve as program manager of the card and i2c will provide the technology used to issue virtual cards, facilitate digital redemption at the point-of sale and track and calculate commissions between SE Giftcards and participating restaurants.
The Zagat Dining Card, currently accepted at 230 restaurants in New York City, is a virtual gift card that can be purchased by consumers or businesses online. The gift cards are delivered via email and may be redeemed at participating restaurants, initially by presenting the email in printed or mobile form, and later by scanning a QR code on a tablet or mobile device. The network of participating restaurants continues to grow and will be expanded to additional metro areas, including Chicago and San Francisco, in the coming months. SE Giftcards will market the cards to consumers as well as to businesses for use as employee or customer incentives.
SE Giftcards Chief Executive Officer, Michael Kelly, comments, “SE Giftcards is committed to creating next-generation gifting solutions. By partnering with i2c, we are able to push our vision further and get more creative with the types of experiences we orchestrate. The Zagat Dining Card is a perfect example of this, as it is a 100% digital product that provides a seamless, mobile-enabled service experience for both consumers and restaurants.”
“The Zagat Dining Card program demonstrates how emerging commerce can bring value to all stakeholders, and we are excited to support SE Giftcards as it manages the program,” said Jim Ackerson, senior vice president, Global Sales, at i2c. “By building our platform to address the entire commerce ecosystem – issuer processing, acquirer processing, loyalty and billing & settlement - i2c is able to able to deliver a complete infrastructure solution for enabling these types of experiences.”
For more information go to www.i2cinc.com.
Director, Marketing & Communications
Telephone: +1 650-593-5400
Etilize Inc. is a subsidiary of the GfK Group. Headquartered in Nuremberg, Germany - GfK is one of the largest market research companies in the world, with a staff of over 10,000 employees working in 115 operating companies. GfK services more than 100 countries, delivering the knowledge on markets and sectors that clients in industry, retail, the media and the service sector need to make their marketing decisions.
Etilize understands that businesses need to be on the leading edge to stay competitive, which is why they continually expand into new verticals and build new SKUs at a rapid pace. As business models change and become more demanding, they also provide custom product data solutions to meet specific customer needs. Some of the world's largest manufacturers, distributors, resellers, e-tailors, retailers, and search engines rely on Etilize for high-quality product data, custom SKU development, and merchandising. Their dedicated staff of 400+ product data specialists builds more than 70,000 new product datasheets every month to ensure their customers' satisfaction.
Etilize has been in business since 2000 and is committed to providing their customers with the product data and content they need to make their online and retail businesses a success.
Barriers to Success
Etilize have around 800 employees in their organization. While having a large employee-base network yet lacking a mature and efficient Attendance & Leave management systems they had to face a multitude of issues, which included the following:
Issues in Managing Employee Attendance
Issues in Managing Employee Leaves
The Way Out - TimeTrax (The Best Investment for your Human Capital)
The management of Etilize was left with two options, either to continue in-house development or to procure an HRIS. Not only had they incurred a great cost in terms of payroll of the human resource involved in the development of the indigenous solution, they had also done, undone and re-done numerous activities to run the incomplete system.
Friction between developers and internal customers, unrealistic expectations and commitments, lack of domain expertise of developers and above all inadequate testing of the system led them from one setback to another.
It wasn't long before they realized that the most sensible decision would be of procuring an off-the-shelf HRIS solution from a specialized vendor while focusing internally on their own strengths and products. They looked into many companies and their offered solutions, but when it came to specialization and breadth of expertise, they could opt for none other than TimeTrax.
TimeTrax addressed Etilize employees' attendance issues by deploying the eAttendance module that is a comprehensive, integrated, yet easy to use employees' Attendance Management system that enables employees to record their arrival and departure times, providing managers with detailed information about attendance records, absenteeism, overtime etc. however for leave related crises they needed eLeave which is an easy to use workflow tool that simplifies the process flows of planning, applying and approving of leave(s).
Employee Self-Service (ESS) feature has empowered their employees and department heads to self-manage leave applications and approval flow anywhere, anytime by any browser and even on handhelds through the eLeave mobile app.
Benefits of e-Attendance
Streamlines the process of time tracking/ workforce tracking
Benefits of e-Leave
Works wherever there’s Internet access
TimeTrax worked closely with Etilize, met their entire requirements and lived up to the expectations by providing simple and user-friendly solutions that encourages both senior management and front-line employees to run the HR process smoothly. The system helps Etilize in a way that now they can easily track their employee attendance at any time from any where. They easily maintain employee’s overtime, late arrivals & early departure properly along with late coming & early going details.
They also now have visibility of department-wise attendance & absenteeism summary. Etilize is now able to appropriately manage policy-based leave entitlements, leave approval by email, proper maintenance of employee-wise yearly leave record, on-time leave applications and approval process. They have got centralized leave management across whole organization including remote offices.
Now all these reforms done by TimeTrax are enabling Etilize to gain efficiency through lessened disruptions at work with cutting down of paper processing flows, better management of time consuming and day to day chores with great ease and with great amount of spare time while also making their HR department capable of delivering an improved response and the liberty to perform timely planning for incorporating new industry trends into the organization's HR practices.
Testimonial from GfK Etilize
“I am pleased to express my gratitude to EfroTech team for providing continued excellent service to GfK Etilize with regards to Timetrax (e-Attendance & e-Leave Module). The few times I’ve requested support from EfroTech, it has been fast and efficient. It is indeed a wonderful experience dealing with a company that believes in innovation and take pride in providing a first class service. Hopefully, we will extend this working relationship in future.
Keep up the good work and thanks for all your assistance so far.”
Kamran Zulfiqar Sheikh
HR Business Partner Level-II
A bit about TimeTrax
TimeTrax is proudly serving corporations - in 21 different verticals, from Advertising and Banking to Media and NGOs and to Textiles and Universities - in building transparency into employee productivity for the last 16 years. Building upon the confidence and satisfaction of over 600 clients across the nation and gaining success across the globe with a complete HR software suite for major industries, the domain of Human Resource Management Systems has been completely revamped with the splendor of TimeTrax - The online web-based integrated solution for Biometric Attendance, Leave, Payroll, Travel, Document, Training, Recruitment and Performance Management.
Strong presence of TimeTrax Resellers in different countries including Kenya, Uganda, Tanzania, Rwanda, Oman, Sudan, Nigeria & UAE etc. further strengthens its dominance in the global Human Capital Management Software industry.
Few Clients: US Embassy, Reckitt Benckiser, CoCa Cola, KFC, 3M, Sheraton, DALDA foods, CNBC, HBO, Nick, ARY Communications, ARY Musik, ARY News, ARY QTV, ARY Zauq, Samaa TV, 94.7 Cool FM, Wateen Telecom, Warid Telecom, wi-tribe, Roshan Telecom, AbuDawood Trading Company, Gulf Bankers, Al-Meezan Investment, Aga Khan University Hospital, South City Hospital, Sami Pharmaceuticals, NJI, Engro Chemicals, Hilal Confectionery, United King, Pakistan Cricket Board, Dreamworld Family Resort and many more.
Lately TimeTrax has been honored with the title of ‘Best Human Capital Management Software’ for its outstanding achievements and exceptional performance in IT industry.
To learn more about features and advantages of TimeTrax – Human Capital Management Software, please visit http://www.TimeTrax.com.pk and request for an interactive demo for your organization.
REDWOOD CITY, Calif. – August 6, 2013 – i2c, Inc., a Silicon Valley-based provider of cloud payment
processing and emerging commerce solutions, today announced that it is providing True Link
Financial, a financial services company dedicated to protecting senior citizens against financial scams,
with prepaid processing and advanced fraud mitigation services for its recently launched True Link
prepaid card. The True Link card is designed to protect senior citizens from financial scams and abuse
while preserving their financial independence.
“Senior citizens lose billions each year to scams and dishonest marketing tactics,” said Kai
Stinchcombe, chief executive officer at True Link Financial. “We launched the True Link prepaid card
to help senior citizens and their families fight back against these financial threats and protect their
hard-earned life savings.”
A unique feature of the card is the ability to personalize fraud settings and determine specific types of
transactions to block. By offering this level of personalization, the True Link card can be tailored to
address specific needs or vulnerabilities of individual senior citizens.
“Not all scams are the same,” added Claire McDonnell, co-founder and chief product officer at True
Link. “Vulnerable seniors are targeted by a wide range of scammers—from fraudulent charities to
sweepstakes to late-night callers posing as relatives. We wanted a way to prevent all of these with a
single, customizable payment method.”
Additional features, such as free customer service to resolve unauthorized charges and alerting family
members of suspicious transactions via mobile text message, make the True Link prepaid card a
valuable tool in safeguarding senior citizens' finances.
“We needed a processing partner that could support us in offering a personalized cardholder
experience. We evaluated a large number of potential partners and found i2c to be the strongest. By
relying on their capabilities, we’re able to focus 100% on our core business of protecting seniors
against fraud, knowing that the underlying system is secure, flexible and reliable,” said Stinchcombe.
Patricia McPeak, vice president, product at i2c says “i2c is delighted to be working with True Link
Financial as they use the power of prepaid and next-generation fraud mitigation technology to address
the unmet financial needs of senior citizens and their family members.”
True Link cards can be ordered now at https://www.truelinkcard.com/sign-up. Due to high demand
there is currently a six to eight week waiting list to receive a card.
From its Silicon Valley headquarters, i2c provides the infrastructure financial institutions, corporations,
brands and governments around the world need to launch and profitably manage payment and nextgeneration
commerce products. i2c's global, cloud-based platform supports virtually any prepaid,
debit or credit program in plastic, virtual or mobile form. Clients on six continents use the i2c platform
to build profitable, differentiated payment products and services that meet unique customer needs.
For more information go to www.i2cinc.com.
About True Link Financial
True Link Financial is a San Francisco-based socially responsible financial services company
dedicated to protecting seniors against financial scams and allowing them to preserve their financial
freedom. True Link’s team includes former senior executives from Visa and MasterCard as well as
experienced fraud detection and financial technology professionals. The company is a participant in
the prestigious Y Combinator accelerator program.
Director, Marketing & Communications
Telephone: +1 650-593-5400
True Link Financial, Communications
Telephone: +1 415-735-1774