The Managing Director of PSI-Pay Ltd, Phil Davies, announced that they were tremendously pleased that Kerv has selected PSI-Pay Ltd to partner up with them to form a contactless payment system. This payment system is released to the global market. They provide digital payments to an international market. Kerv and PSI-Pay have become alternative payment innovators in the industry.
Together they allow users of Kerv contactless payment ring to use PSI-Pay’s MasterCard license to make payments. Kerv has 38 million locations worldwide. They will be allowed to fund their accounts through debit or credit cards, PayPal and bank transfers. Kerv clients will also be allowed to make app and online purchases via their virtual card. Phil Davies believes that Kerv is a stimulating, inventive and useful solution. These payment applications are being embraced by the international market and PSI-Pay Ltd is proud to have Kerv as a partner.
Employees enjoy the fact that their payroll checks are directly deposited into an ATM card. It gives them the advantage of getting their payment early and not waiting for checks to be approved from a bank. The ATM card allows them to take needed cash out when they want to or make purchases wherever the MasterCard is accepted.
It gives those employees without a bank account a perfect and secure solution for getting their salary. It also saves time with just one transfer. It is cost effective for the company, no issuing of paper checks and reduces the staff cost when managing payroll. Using an ATM card is much safer than using cash payment and it is easy to replace cards that get lost or damaged.
Payment Accounts Online
Online payments are secure, transparent and easy to make. Business customers know that they have complete control over their company’s expenditures. With PSI-Pay’s technology businesses and consumers know that their personal information is secure online.
The Way it Works
A PSI-Pay Virtual Account is set up by businesses for their customers. The advantage to account customers is that they can then transfer funds, make instant deposits and withdraws, or make online purchases from merchants who also have Virtual Accounts.
The Virtual Account System that was developed by PSI-Pay, allows the expenditures of the finance department to keep control on the spending for the business. The business has a main corporate account through PSI-Pay, which has sub accounts. These sub accounts have the flexibility of keeping the balance for each account. Every account has to keep a positive balance so it cannot be overdrawn. This system reduces risk, cost and gives the business flexible management.
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