Partnering with SCI

Partner with SCI SCI, through its Integrated Electronic Payment System (IEPS), is prepared to deliver the next generation of online payment solutions...

Why SCI?

Why SCI? SCI leads with a visionary approach to bringing technology and 21st century payment methodologies to developing countries.

 
Partnership eSimpleCash

Simple Cash International's solution has distinct advantages for all participant types: Consumers, Merchants, Resellers, Government, and Financial Institutions.

Consumers - Convenience and Hard Dollar Savings:

  • Prepaid card program with other financial transactions - "Send Money"; "Pay Bills", "Funds Transfer", and "ATM/POS" deliver tremendous money savings and conveniences

  • For the "unbanked"/"unbankable" group, they finally benefit from major financial transaction services with minimum fees

  • Extended personal lending services to build consumers financial history and security

  • Multi-purse and Multi-account management delivers consolidated online account management capability

  • Easy payment mechanism without paper or cash

  • Instant fixed or reloadable balance

  • Limited liability/Loss retrievable

  • Immediate access to balance and transaction activity

Employers, Government, and Merchants - New Revenue Generation and Cost Savings

  • Branding benefits

  • Extended financial and payment services

  • Automated employers expense, reimbursement, and benefit account management

  • Reduced risk of fraud

  • Online monitoring/access of/to other instant issue cards

  • Lowest interchange fee to merchant

  • Fee based revenue stream

  • True customer payment relationship management (customer spending)

Distribution Channel

  • An all inclusive financial services offering that adds value to current customer base which facilitates customer loyalty and retention

  • Enables cross selling of new services and enhances customer conveniences

  • Automated channel distribution support management

Financial Institutions Increased Revenue Streams and Customer Support Services

  • Single settlement accounts at a cost minimum to individual consumers

  • New revenue streams from card and service fees

  • Customer retention and under-served market expansion

  • Funds and float retention

  • Reduces branch overhead costs

Other Benefits

Risk Management

The management of risk is the highlight of SCI's IEPS system. In addition to system level risk management, the system also provides the means to every possible entity (Consumer, Employer, Merchant, Reseller and Financial Institution) to manage risk at each entity level or delegate that risk management through the hierarchy of entities. The system is also flexible enough to integrate with the regional system to manage risk.

System Level Risk Management
  • External - By implementing the best available encryption algorithms, without compromising the efficiency of the system, SCI makes sure the publicly available communication channels are highly secured so that external fraudsters are kept at bay. This is accomplished by the following.

    • The leveraging of Secure Socket Layer (SSL 128/256 bit encryption) certificates.

    • The enforcement of tight Authentication policies and Controls Authorization rules to access minute level resources.

    • The utilization of "Best of Breed" Intrusion Detection systems working in concert with multi-level firewalls.

  • Internal - Most frauds are committed or initiated by someone within the organization. With that in mind, SCI has deployed strict policies for data access (physical and/or logical) along with extensive logging capabilities that track the trail of information access and change activities. Intensive system access privileges make it possible to confine a user to the access required to perform specific job tasks.

  • Both - The system is also equipped to deal with "Denial of Service Attacks" initiated via internal or external means.

Application Level Risk Management
  • Card Processing

    1. Flexible authorization limit management by account and transaction type

    2. CV1 & CV2

    3. Verified By Visa and MasterCard SBA

    4. PIN Verification

    5. Address Verification

    6. Velocity Analysis

    7. Location Analysis

    8. Automated Checks against OFAC List

    9. PRISM

    10. Card/Account Expiration

  • Limits

    1. Daily/Weekly/Monthly Transaction Count and Amount limit

    2. Maximum Balance

    3. Maximum Reload Count and Amount

    4. Maximum ATM withdrawal Amount

    5. Daily/Weekly/Monthly ACH or Wire limits

    6. Merchant Restrictions