• Program Design and Custom Solutions
• Open-loop & Closed-loop Prepaid Payments
• Prepaid Card Issuing
• Card Fulfillment
• Card Processing
• Risk Management and Compliance
• Customer Care
• Data Management and Analysis

Card Processing

Wave Crest provides global, comprehensive card processing capabilities for open-loop, closed-loop and loyalty rewards cards. Our processing centers are located in Europe and USA. All of our processing resources are PCI-DSS compliant, ensuring a reliable and secure environment.

Open-loop networks that we process include:

Our processing services include:

Hybrid Card Authorizations

Wave Crest can provide specialty card authorization processing based on its unique eMoney platform technology. Authorizations can access:

Different sub-account balances can be accessed for authorization based on the specific merchant ID or terminal ID from which the transaction request was sent.

In addition, certain transaction types can have "tolerances" applied so that the authorization will automatically add a set amount or percentage to the incoming amount, and place a hold against the cardholder's balance until the final settlement amount is cleared.

We can authorize and settle card programs in multiple jurisdictions and multiple currencies.

Value Loading

Value loading connections into the account-of-record and processing platform include:

eWallets

Wave Crest offers a comprehensive eWallet solution that clients can offer to their customers and affiliates. An eWallet acts as an intermediary account between your business and a variety of payment solutions including virtual cards, prepaid cards, bank accounts and funds transfer services. With an eWallet, your customer can fund a single account using a variety of pay in instruments including credit cards, local payment solutions and cash. Once the account is funded, the customer can perform secure closed loop, open loop and transfer transactions without disclosing their personal and financial information to third parties.

The eWallet holds the user's billing, shipping and payment information for online transactions and may hold digital cash for specialized closed-loop and on-us transactions. Digital wallets can also hold digital certificates, passwords, security questions and answers.

For hybrid solutions, this is a particularly useful way to deploy virtual cards that represent open-loop, closed-loop and loyalty rewards program balances. Our eWallet solution can store forms of identification unique to your business relationship and also personal information that the customer would use in interacting with your program. Often, our eWallet Solution is used in conjunction with our Specialized Merchant Acquiring and Cashier Services

Multi-Currency Handling

The Wave Crest eMoney platform enables you to set up your open-loop program in any Visa or MasterCard settlement currency. Then, as your cardholders purchase goods and services in another currency or access cash in another currency, typically that transaction amount is converted from the other "purchase" currency into your cardholder's program set up or home currency with an authorization made against the cardholder's account in real time. All the records for the transactions are kept in the program's home currency, but the original purchase transaction amount in the purchase currency can also be displayed to cardholders, employers, and customer service agents. Your Wave Crest program financial reports are run in the set up currency, but can also include data regarding the purchase currency.

Specialized Merchant Acquiring

Acquiring payments online can be challenging and complex, especially on a global basis. Wave Crest has developed specialized payment acquiring services enabling international credit card processing (i.e. Visa, MasterCard, American Express, JCB and Discover), local payment solutions (e.g. Giropay, iDeal and PagosBancarios) as well as a variety of local cash pay-in solutions. We help our customers acquire more payments on a risk-managed and global basis. In addition to global Pay-In Solutions, our services include extensive risk and fraud management functionality. Often, our Specialized Merchant Acquiring and Cashier Services are used in conjunction with our eWallet Solution.