Affiliate Aggregator Applications
Wave Crest Customized Applications
Wave Crest can establish virtual card programs for affiliate aggregators that are both "pay-in and pay-out," and associate the downstream affiliates with virtual "pay-out" cards. Affiliate aggregator cards can be structured with multiple sub-accounts denominated in different currencies to receive payments from companies worldwide, or Wave Crest can work directly with the aggregator to process multiple currencies and deposit to the aggregator's virtual card accounts in only one currency for each card account. Wave Crest can set up automated transfers ("pay-out") to the affiliate accounts based on periodic timing or based on payments due reaching a certain level.
A key element of the Wave Crest eMoney platform is financial settlement services and reporting. Wave Crest can also support funds settlement between the companies' banks and the aggregator's virtual central card account - from which the aggregator's payments are transferred - in multiple currencies. Wave Crest can also provide in-depth reporting to the aggregator across all affiliates, and to the affiliates on an individual basis.
Commission "Pay-Out" Applications
Wave Crest works with you to establish a customized payment program on its eMoney platform. Commissions for affiliates can then be deposited on to a Payment card account in the affiliate's home currency or the marketing company or aggregator's home currency. The affiliate can enroll for the card account at the time of online registration into the Affiliate program. Information is captured at the time of issuance through modified B2C web interface applications that Wave Crest can deploy on behalf of the Affiliate aggregator, or Wave Crest can integrate its applications into the Affiliate Aggregator's own applications.
A virtual card account is opened immediately on the Wave Crest eMoney platform and used for affiliates' commission deposits, while the permanent personalized plastic card is being fulfilled. Affiliates can immediately start accumulating commissions on the virtual card account, use the virtual card for online and mail order/telephone purchases, or to their own bank account -- and then use the plastic card for purchase and cash access at face to face locations wherever Visa or MasterCard is accepted. As an important note, Wave Crest offers card fulfillment partners on a global basis that support magnetic stripe, contact and contactless chip cards and a variety of fulfillment packaging in multiple languages.
In affiliate marketing, being able to provide commission detail is a key to affiliate satisfaction. They want to be sure that they are being paid for all of their referrals. Wave Crest can integrate detailed transaction descriptions of the referral deposits into the transaction history available to each participant either over the web, through the IVR or through the Customer Service Agent interface.
Wave Crest can also provide the Aggregator with B2B tools so that Aggregator personnel can respond to Affiliate questions and make corrections or updates as needed.
"Pay-In" Aggregator Applications
If the Affiliate Aggregator elects to be paid itself in a centralized virtual account-often with multiple currencies in subaccounts, Wave Crest can supply the technology and multicurrency settlement services needed to transfers commissions to affiliates' virtual card accounts.