Author: Maria Belik

Customised company gift cards from DiPocket

Posted on November 26, 2024 by - Products & Services

corporate gift cards
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Maria Belik

If you’re an organisation looking for a way to reimburse or incentivise your employees or customers, or to keep customers coming back to your shopping centre or marketplace, company gift cards can be an excellent choice.

DiPocket’s turnkey card issuing and funds disbursement solution gives you the option to issue customised gift cards. This means you can tailor each card to your precise needs and to the circumstances of the recipient. A wide range of options are available, for example single-load or reloadable gift cards that your customers can give to family and friends, or gift cards for product rebates and refunds. You can also offer company gift cards as employee or client incentives.


The benefits of customised company gift cards

Keep customers coming back to your marketplace

 

If you run a physical shopping centre or an online marketplace, setting up a branded company gift card will help keep your customers coming back. With DiPocket’s Payment as a Service (PaaS) solution, you can set up customised gift cards without the hassle and regulatory risks of proprietary solutions.

Issue gift cards with spending controls

 

DiPocket’s gift card solution for any organisation gives you an administrative portal for your team, with full control over spend. You are free to limit the outlets and even product ranges where recipients can spend company gift cards, and can even set up to receive commission from purchases made with the gift card.

Enhanced customer engagement

 

Strategic use of gift cards can engage clients and customers. By offering gift cards as rewards or incentives, organisations can strengthen relationships and encourage repeat business. For example, company gift cards tied to specific actions or milestones give the recipient heightened pleasure, and also boost engagement.

Customised gift cards in your branding

 

DiPocket gift cards can be fully tailored to reflect your brand identity. From the design of the card itself to how and where it can be spent, you control each gift card to reflect your unique values and needs. Significantly, this personal touch makes recipients feel engaged, and each card raises awareness of your brand.

Virtual or physical              gift cards

 

DiPocket provides both physical and virtual gift cards, catering to a variety of business needs. Physical gift cards are ideal for face-to-face interactions, such as trade shows or in-office rewards. In contrast, virtual cards are perfect for online campaigns or remote teams, as they can be instantly distributed digitally.

 

Multi-currency gift cards and international use

 

Our company gift cards are perfect for businesses operating across borders. Because DiPocket offers multi-currency options, your recipients can use their cards globally. This flexibility means you can activate gift cards for shopping, dining and other experiences no matter where your clients or employees are located.

Accepted everywhere with Mastercard and Visa

 

Out of the box, every retailer using Mastercard™ or Visa™ will accept our gift cards, giving you the freedom to choose exactly how you want to enable spending. Further, the cards can be integrated with Google Pay™ and Apple Pay™, so your customers and employees can tap to pay securely with their company gift card from any Android or iOS devices.

Simple, seamless        integration

 

Whether you’re a small business or a large enterprise, it is simple to integrate DiPocket’s gift card solutions into your existing systems. We offer API integration that allows businesses to manage and distribute company gift cards efficiently, saving time and resources. As a result, there is no need for complex setups – our tech does the heavy lifting.

Enhanced financial      control

 

As a business, you’ll appreciate the financial oversight that comes with our gift card solutions. With real-time tracking and reporting tools you can monitor usage of the cards, ensure compliance and understand spending patterns. This not only helps you control costs, but also helps you analyse the effectiveness of your gift programme.

Conclusion

In summary, DiPocket’s gift card solutions enable businesses to provide a bespoke service for their employees and customers. You can encourage customers to return, improve employee loyalty and drive satisfaction by offering gift cards tailored to their needs.

Customised corporate gift cards are undoubtedly a versatile and effective tool for any organisation. Find out more about DiPocket’s funds disbursement solutions, including gift cards: contact us today.

DiPocket company gift cards

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Real-time funds disbursement

Posted on July 19, 2024 by - Payment Solutions

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Maria Belik

Advances in financial technology and changing consumer expectations are driving a shift towards real-time funds disbursement. Businesses are constantly looking for ways to optimise operations, reduce costs, and enhance customer satisfaction.

As a provider of funds disbursement solutions at the forefront of this technology, we understand the transformative effect that real-time payments can offer. That’s why we are working with Visa Direct™ and Mastercard Send™ to bring real-time disbursement to our customisable card issuing and virtual payment solutions.

What are real-time  disbursements?

Real-time funds disbursements in banking refer to the ability to instantly transfer funds from one account to another, providing recipients with immediate access to those funds.

This is achieved through digital payment methods like push-to-card, where funds are directly credited to a recipient’s virtual or physical card. Real-time disbursements reach the recipient’s card, Visa, Mastercard, Google Wallet or Apple Pay account in real-time – within milliseconds.

The benefits of real-time disbursements

Real-time funds disbursements have been shown to significantly enhance customer satisfaction, in a world where speed increasingly drives desire.

Research shows that 33% of consumers would be willing to pay a fee to receive money in real time, and 2 out of 3 consumers would be more likely to continue doing business with firms that provide real time payment options. Instant payments reached a global market value of $10.6 billion in 2020 and are expected to grow at a compound annual growth rate (CAGR) of 33% from 2021 to 2028*.

How does it work?

Real-time disbursements can be integrated into our customisable payment and funds disbursement solutions, enabling seamless and convenient payment experiences for your customers, suppliers or staff.

Real-time disbursement facilities remove any need to enter multiple details such as bank sort codes and account numbers. Simply enter the 16-digit card number of the account to be paid, and the transaction is completed immediately.

efficient funds disbursment

Immediate access to funds

Traditional payment methods often involve processing delays that can last from a few hours to several days. In contrast, real-time funds disbursements ensure that payments are processed almost instantaneously, allowing recipients to access their funds within milliseconds of transaction approval. This immediacy can be particularly beneficial for industries where cash flow is crucial, and global operations dealing with different time zones.

Operational efficiency

Real-time funds disbursements streamline the payment process by eliminating the waiting periods associated with batch processing and bank schedules. This efficiency not only speeds up transactions but also reduces administrative burdens associated with managing and tracking payments. By adopting real-time payments, businesses can improve their operational efficiency, with better management of daily operations, expenses and working capital needs.

Competitive advantage

Adopting real-time disbursements can provide a competitive edge by enabling more agile financial operations. Businesses that offer faster payments are seen as more attractive to work with, attracting partners and clients who value efficiency and modern payment solutions. This advantage can be crucial in industries where timing and reliability are key factors in securing and maintaining business relationships.

Reduced transaction costs

While traditional payment systems often involve various fees, including transaction and processing fees, real-time funds disbursements can be more cost-effective. By leveraging direct bank connections and bypassing intermediaries typically required in conventional payment processing, businesses can reduce per-transaction costs significantly, leading to substantial savings, especially at scale.

Security and compliance

Our real-time funds disbursement solutions are built with security at their core, employing state-of-the-art encryption and fraud detection technologies to protect every transaction.

Visa Direct™ and Mastercard Send™ transactions are supported by the same built-in compliance controls, security and transaction limits that we offer across all our turnkey card issuing and funds disbursement solutions.

secure and compliant payment solutions

Adopt real-time disbursements now

In a digital-first world, real-time disbursements represent a fundamental shift in how businesses manage finances. By choosing to use Visa Direct™ and Mastercard Send™ with DiPocket, you set your business up for greater efficiency, customer satisfaction and success.

Contact DiPocket now to find out more about how we can help transform your card issuing and payment solutions.

* https://www.pymnts.com/news/faster-payments/2021/how-consumers-are-driving-demand-real-time-payments/

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Payment card issuing

Posted on May 15, 2024 by - Products & Services

the turnkey payment card issuing solution for your organisation
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Maria Belik

For the end user, payment cards are a simple way to send and receive funds. That’s why organisations across Europe are turning to virtual or physical payment cards to issue funds for payroll, expense management, gift incentives and more.

However, setting up and managing an in-house payment card issuing system is both expensive and time-consuming. DiPocket takes away this pain, providing a customisable card-issuing and payment solution that is simple and cost-effective for your organisation.

The benefits of payment card issuing through DiPocket

Payment card issuing requires significant investment in licencing and operational capabilities, typically handled by banks. Our solution gives you a bespoke payment card with Visa, Mastercard, Google Wallet and Apple Pay payment options, fully set up and supported by DiPocket.

We pay all licensing and regulatory fees

To issue a payment card, companies need an Issuing License from each service provider, such as Visa and Mastercard. Principal licences cost hundreds of thousands of euros a year, a fee that is unsustainable for most individual organisations. We pay all licensing and regulatory fees as part of DiPocket’s service to you.

We navigate complex financial regulations

DiPocket is not a bank, but is nevertheless subject to a complex range of regulations setting caps on fees and governing the payments and loans market across the EU. We keep on top of the requirements of the financial regulatory environment to ensure that your payment cards operate legally. In fact, some banks even come to us rather than setting up their own payment cards for employees!

We carry out personal checks

It is important that you do not distribute funds to certain individuals. We carry out the checks that protect you, including:

We design and issue your branded virtual and                  physical cards

The design and manufacture of payment cards supported by Visa and Mastercard are, with good reason, strictly regulated. Our turnkey solution not only deals with the financial complexities of offering a white labelled payment system, but also sorts out the practicalities for you.

We process all card transactions

Every transaction on your payment cards is supported through our processing system. We track each and every payment as it is requested, sent to Visa or Mastercard for payment and returned through us. We deal with the approvals and fees at every stage so that you don’t have to. If there is a problem, we sort it out.

We give you the control you need
  • Issue pre-paid physical or virtual cards with or without top-up permissions
  • Control spend and have visibility as to what individuals are buying
  • Add bespoke usage restrictions to prevent misuse of funds, including limiting spend to specified merchants or category codes.
Our fraud team is always active

With the exponential growth of financial fraud, individual payment card issuing providers could not hope to match the power of our dedicated anti-fraud team. We take the risk of fraud off your hands, and work tirelessly to improve security, including:

  • Live monitoring of card usage
  • Rapid response to suspect transactions
  • Full investigations.

the turnkey payment card issuing solution for your organisation

Versatile funds disbursement from DiPocket

DiPocket allows you to offer branded payment cards without the onerous demands of acting as a bank. We provide you with a quick and simple solution for the secure payment of funds, wherever and whenever you choose.

To find out more about issuing your own payment card solution please do get in touch with a member of the DiPocket team by clicking here.

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Leading-edge corporate payment solutions

Posted on March 10, 2024 by - Payment Solutions

corporate payment solutions
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Written by

Maria Belik

Disrupted by digital services, the global financial services landscape is rapidly being reshaped. Traditional banking is giving way to more flexible payment solutions that give organisations greater control over their funds, and deliver an enhanced customer experience.

What organisations can benefit from these changes?

Organisations from large corporations to SMEs, charities and even banks can now buy Payments as a Service (PaaS), leaving the complex financial and compliance obligations to the provider.

DiPocket provides a fully managed platform giving you control of payments, supported by our comprehensive security, technical and financial checks. DiPocket’s funds disbursement solution includes the provision of customisable payment cards, and is supported by Visa, Mastercard, Google Wallet and Apple Pay.

Is DiPocket a bank?

No, DiPocket Group is a European PaaS provider, complementary to and independent from banks. We are licensed to operate in Europe (through Lietuvos Bankas in Lithuania) and are regulated in the UK by the Financial Conduct Authority (FCA). DiPocket is a principal member of both Mastercard and VISA, is a SEPA participant and SWIFT member.

We invest heavily in the licencing and operational capabilities typically handled by banks to provide our customers with simple, safe and effective card issuing and funds disbursement solutions.

How does Payments as a Service work?

Whenever you need to move money, this is achieved quickly and effectively through your PaaS system. At DiPocket, we take care of the whole payment and technology infrastructure, so that your customers make or receive payments through a simple and frictionless system. Payments can be made in near-real time, to different countries, and can be added to a customised payment card even if the recipient has no bank account.

Why might you want a bespoke payment solution?

Disbursing funds can be complex and time consuming. By using a PaaS provider, you can quickly make tailored payments for purposes including:

  • Disbursement of funds – including payroll, grants, and financial support
  • Disbursement and repayment of loans
  • BIN sponsorship
  • Employee benefits
  • Gift cards
  • Cashless events

What applications are there for PaaS?

Customers use bespoke payment solutions for a wide range of purposes, including:

Funds disbursement

A simple and cost-effective way to issue funds for payroll, expense management, gift incentives and more. We supply virtual or physical cards with your own branding, which can be set up to your requirements: for example, limited to specific services, shops or classes of goods.

Loan disbursement

A personalised card issuing and virtual payment solution for lenders to streamline disbursements. You manage loan disbursement and repayment, with full control and usage restrictions to prevent over-spending and defaults.

Employee benefits

Enrich your employee offering through branded physical or virtual cards for gym entry, restaurants, shopping and more. DiPocket offers a streamlined and cost-effective mechanism to reward staff and pay bonuses in a tax-efficient manner.

Customised debit cards

Offer your own branded payment card with Visa, Mastercard, Google Wallet and Apple Pay payment options, fully set up and supported by your BaaS provider.

Our payment card solution gives you complete customisation of your funds disbursement to suit your requirements. You can:

  • Specify the currency and country of use
  • Limit payments to particular shops, services or category codes
  • Give real-time access to funds
  • Raise brand awareness and engagement
  • All this is delivered quickly and cost-effectively through our turnkey card issuing & funds disbursement solution.

Simplified financial management

‘Banking as a Service’ solutions help you by removing the burden of day-to-day management of funds disbursements. You benefit from:

  • A powerful portal which streamlines all disbursements
  • Detailed reporting
  • Complete visibility in real time
  • The ability to automatically top up cards
  • A fully managed solution without integration
  • APIs for integration with your existing platform

Leading-edge corporate payment solutions from DiPocket

Our team of over 100 people is trusted by organisations across Europe and the UK to deliver state-of-the-art withdrawal and payment solutions that make your life easier.

If you would like to find out more about our white-label funds disbursement solutions, please get in touch.

Contact us today