PayCertify, a payment processing services provider, has partnered with fintech services firm Quatrro Processing Services (QPS) to introduce a virtual credit card issuing platform called INCENTAPAY.

Intended for merchants, the customisable platform will be accompanied by various backend analytics for card issuers, such as a fee rebate programme which is said to be capable of saving millions in annual processing costs for large retailers.

The platform is also suitable for travel and hospitality businesses that usually require a bank to issue a credit card, followed by issuers sending a card to the customers in the mail.

PayCertify president and CEO Chase Harmer said: “INCENTAPAY will be ideal for large e-commerce merchants who have customers, who may be either budgeting to pay for a high ticket product online, or are looking for an incentive or subsidy on their purchase, and offer those customers a reward to take advantage of an immediate offer at the point-of-sale.

“Now, merchants will be able to work with issuers, to be able to immediately issue a virtual credit card to their customer that is ready to be immediately used, and the issuing card will be made immediately available as the payment source of choice in the customer’s mobile wallet.

“The virtual credit card issued will be the payment method of choice on the cardholder’s phone, instantly making the issuer the most accessible and prominent payment option for that customer, ready for instant use.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The platform is available for PayCertify merchant processing and fraud prevention ecosystem users. It can also be used by merchants to provide branded cards and incentives.