Fiancial Institutions
Financial Institutions benefit from connecting to ClearPurchase and offering ClearPurchase to their customers and merchant customers.
New Revenue Streams
Financial Institutions benefit from new revenue streams.
-
Online Commission:
Financial Institutions are gradually losing online credit/debit card transactions to alternate payment methods, which provide them with no revenue.
With ClearPurchase, the customer is again interested in using their credit/debit accounts to purchase goods online.
This generates commission for the Financial Institution of up to 1% on each transaction.
-
Merchant Banking:
Merchant Banks also benefit by receiving a commission on each transaction from their merchant customers.
-
Recurring Payments (Bill Pay):
ClearPurchase includes the ability to process recurring peyments, transforming a cost to the Financial Institution into a revenue generator.
-
In-Store Mobile Commission:
ClearPurchase in-store mobile generates commissions for Financial Institutions at the same rate as for online transactions.
These rates are comparable to credit/debit card commissions, and higher than other payment methods.
No Fraud
Financial Institutions benefit from the elimination of fraud.
They no longer have to deal with unhappy customers who have discovered fraudelent transactions on their account,
or have to institute major fraud detection programs to prevent these transactions.
This saves time and money dealing with the problem, including the issuing or new cards to the customer.
Increased Customer Exposure: Web Site & Mobile App
ClearPurchase increases traffic and exposure for the Financial Institution,
as all online and in-store mobile transactions must be authorized at their web site or using their mobile app.
This creates a new relationship with the customer, increasing customer retention.
|
