The ZippCard
Zipp uses unique technology in smart card chip design, off-line and multi-currency capabilities, data storage and multi-application versatility, to enable secure, low cost transactions, across the globe, in an instant.
ZippCard is the unique branded International prepaid debit card, provided as a new way to carry cash in a safe and secure way.
It has been designed to minimize the financial risks to the cardholder, the card issuer, the transaction processor and the retailer.
A cardholder can remit funds from one card account to another card account. Whereupon, the recipient can withdraw cash from an ATM or POS machine, in their local currency, at an exclusive and cost effective exchange rate.
It allows a cardholder to buy goods and services at participating retail outlets, wherever the ZippCard logo is displayed, and earn a loyalty discount on every purchase.
Salaries can be arranged to be paid directly on to the employee's card.
The ZippCard is not a credit card and therefore the cardholders can only spend what they load on to the card, and they cannot get into debt using this card.
It is available for use in a number of formats:
- Pre-paid debit card
- Bank sponsored debit card (Private)
- Bank sponsored debit card (Business)
- Bank sponsored credit card
- Corporate card
- Company Expense card
- Multi-currency card
- Micro-finance loan card
- Store card/Gift Card
- Loyalty incentive card
- Medical card
- Identity card
- A family/student/dependent card
All ZippCard customers have the opportunity to access a secure website with a members' area, where they may register for an online account.
ZippCard users are able to check their ZippCard account balance, make online currency transfers to and from their ZippCard or their Online Account to other ZippCard and Online Account holders. They are also able to make Utility & Beneficiary payments, as well as domestic and international bank transfers.
Offline Wallet
The Offline wallet application is an exciting new terminal that can operate without connectivity and is battery powered. Ideally suited for small merchants in remote areas and for merchants on the move like taxi drivers and market traders, these terminals are small enough to be carried in the merchant's pocket and do not depend on availability of connectivity (GPRS or landline) and power supply. The merchant will be required to use his merchant card in a normal POS or ATM to syncronise on a periodical basis.
This Offline wallet application residing in the chip of the Card allows ZippCard holders to store and use a separate off-line purse in these terminals for smaller ticket items. Funds can be loaded into the Offline Wallet either by transfer from the Standard Zipp Account using a ePOS machine, or by depositing cash using either a ePOS or pPOS machine.
ZippCard Management Solutions
Fully managed, end-to-end pre-paid solutions providing a low risk, cost effective programme for issuing and managing pre-paid cards covering:
- Unique Multi-Currency cards
- Card design and manufacture
- Real time transaction processing
- Authorised and regulated by the FSA in UK
- Full KYC (know your customer) / anti money laundering process
- IIN sponsorship for ZippCard Interchange
- Card issuing (batch management, activation, delivery and billing)
- Card to card, Account to Card, Card to Account transfers
- Call centre, IVR, Online Accounts
- Back and front office management tools.
- Full Marketing support
The prepaid card market offers major revenue-generating opportunities to replace paper-based products such as gift vouchers, traveller's cheques, and cheque/cash based payroll or state benefits payments. Zipp Card Solutions offer prepaid card solutions for a variety of existing and emerging markets including financial services, retail, the public sector and the unbanked (cards can be issued to individuals without credit checks).
Vision Statement
Zipp is designed as a low-cost global interchange for the development of a new paradigm in banking, harnessing the energy, the ideas and the talents of the financial and technology sectors, to deliver better value and achieve real change to transform the lives of even the most disadvantaged people.
Mission Statement
To make Zipp the inclusive and preferred interchange network globally for low-cost migrant remittances, micro-finance, micro-savings and currency exchange.