Reloadable Prepaid Card Will Replace Cash for Marketing Commissions
FORT LAUDERDALE, Fla. – March 3, 2014 – WaveCrest Group Limited, a multi-currency digital payments platform that offers full-service, global solutions, has been selected as program manager and payments technology partner for Commissions2Go’s new commission distribution solution.
Concierge services, travel professionals, limousine and taxi personnel who receive commissions for referring clients to large entertainment venues are typically paid by check or cash, which bring a number of tracking, reporting, timing and risk management issues for the payers. Created specifically to address these issues, the new C2Go co-branded card will replace cash commissions, enabling entertainment venues to clearly identify business expenses, and provide card recipients with more secure, convenient and flexible payments.
In the new program, commissionable agents will register with C2Go at C2GoCard.com and receive a personalized C2Go card. C2Go clients can then pay commissions to the account in real time after validation through the C2Go web portal or via a mobile interface using QR codes identifying the recipient. Card recipients can use the C2Go card anywhere major card brands are accepted, or get cash at ATMs. C2Go handles all transaction reporting and 1099s on behalf of their entertainment clients.
“The C2Go card will operate on WaveCrest’s flexible, configurable payments platform, and be integrated through secure application programming interfaces (APIs) with C2Go’s custom application, said Miles Paschini, group president, WaveCrest Group Limited. “WaveCrest’s corporate disbursement solutions support this technical integration with a full suite of technical and compliance services that enable this timely, cost-effective and innovative corporate disbursements solution.”
“Integrating WaveCrest’s platform with our unique concept and systems allows Commission 2Go’s clients to securely and flexibly automate these payments and provide multiple benefits for both the business and the recipient, turning a business headache into a business differentiator,” said Andrew Demaio, Commissions2Go president. “In considering potential partners, we found WaveCrest’s industry experience, customizable platform and ability to deliver creative solutions a superior fit for Commissions2Go.”
The new C2Go card will be available to customers this spring, initially launching in the Las Vegas market.
WaveCrest provides award-winning digital payment solutions to corporations and governments worldwide. Programs include employee, student and taxpayer disbursements, mobile wallets, prepaid cards, lottery payments, pre-defined and custom offerings. WaveCrest Holdings Limited in Europe is a regulated e-money issuer and a principal member of MasterCard and Visa EU. WaveCrest Payment Services of the Americas, Inc. is a FinCEN-registered prepaid access provider, and a non-financial Discover Issuer. Visit us at www.WaveCrest.gi.