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Such a concept can be introduced in the form of Prepaid Physical Cards or Prepaid Virtual Cards (e-Wallets).
"In response to customized organizational development needs, STS is offering a reliable, scalable payment management system enabling Issuers and Acquirers to tap into one of the most demanding methods by various business sectors (e.g. Telecoms, Energy and Fueling, Retail...etc). PayONE AMS is built using an open standard platform (PayONE) utilizing the up-to-date security measures and accommodating the international mandated standards for security, serving as a further testimony to STS's mission directed towards maximum efficiency and optimum performance,"
stated Subhi Abuzahra, Manager, Product Management Unit.
Possible Applications for such product are: Accounts for salaries "Labor payment Cards" where labors can get their salaries in virtual accounts and cash it on multiple-channels (multi-currencies). Another example is Petrol prepaid cards "Accounts for filling petrol", where car owners can use virtual accounts to fill their cars with petrol.
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Posted by Siba Sami Ammari
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