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WaveCrest Unveils MyFare Card Payment Solution for Fleet Owners

Drivers Get Paid Anywhere, Anytime with Customizable Prepaid Card

Ft. Lauderdale, FL., October 15, 2014 WaveCrest Group Limited, a multi-currency digital payments provider, announced today the launch of its newest payments solution for fleet owners, the MyFare Visa® Prepaid Card. MyFare Card gives fleet owners the ability to pay their drivers instantly on a personalized prepaid card, allowing for quick and easy access to funds.
Cardholders also have the ability to manage their account online or via mobile app, and can make deposits to the account using cash, direct deposit and remote deposit check capture features. WaveCrest offers three MyFare Card options: standard, cobranded or a white label, which can be customized to the needs of the partner.
Cabconnect, Inc., a technology company dedicated to improving operations for ground transportation companies, is the first company to add the MyFare Card to their roster of available transportation solutions, under the white labeled DirectPay brand. “MyFare prepaid cards allow us to pay drivers in the most simple, secure and cost effective manner,” said Izzy Aala, Cabconnect president and CEO. “Instant disbursement of funds to drivers is a key competitive advantage to fleet companies, and a significant addition to the Cabconnect suite of services.”

Benefits of the MyFare Visa® Prepaid Card program for fleet owners include:

  • Increased driver retention by allowing drivers immediate access to their funds
  • Cost savings as a result of reducing operational costs associated with paper payments
  • Fraud and theft protection with safe and secure driver payments
  • Full-service account management with robust reporting and management tools available

“WaveCrest is excited to be at the forefront of bringing innovative payments solutions to the transportation industry,” said Miles Paschini, WaveCrest group president. “Fleet owners can improve driver retention and streamline payments; and drivers save time and money with a secure personal prepaid card.”

About WaveCrest
WaveCrest provides award-winning digital payment solutions to corporations and governments worldwide. Programmes include business-to-business payouts, 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 an issuer of Discover Network prepaid cards.” Visit us at http://www.WaveCrest.gi