23 March 2018
visit www.nextgenbanking.co.uk

Orbiscom launches family card control software

09 April 2003  |  4078 views  |  0 Orbiscom launches family card control software

Dublin-based payments technology vendor Orbiscom has released ControlPay, a solution that allows master cardholders to set spending limits and monitor accounts across shared family credit cards.

ControlPay is aimed at families who share credit cards from a single account and allows the primary cardholder to establish controls, such as spending limits, and monitor authorised users.

Account holders determine how much cash each cardholder has access to and where the credit line can be used. Other controls are also available at the transaction level, including maximum spend per transaction and expiration date.

Each cardholder is assigned a unique credit card number, allowing single cards to be replaced if lost or stolen, instead of having to replace the whole set. Cardholders will also receive individual monthly statements.

The system operates on Orbiscom's Controlled Payment Platform, which integrates account holder enrollment, user registration, user controls management, reporting and monitoring.

Orbiscom says ControlPay will enable card issuers to drive increased card usage among families with teenagers. Diane Shaib, EVP, sales and marketing, Orbiscom, adds: "The solution enables issuers who want to focus on generating increased revenue from existing customers to reach a new and attractive market segment.

"ControlPay provides issuers with access to a new generation of card users and offers reduced costs to replacing lost or stolen cards."

The solution is compliant with all card brands and also supports MasterCard's new family account programme.

Orbiscom says ControlPay is available as a hosted service or can be installed at the card issuer.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

HP and Orbiscom enter payments partnership

HP and Orbiscom enter payments partnership

02 April 2003  |  4933 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comRegister your place todaywww.currencycloud.com

Top topics

Most viewed Most shared
hands typing furiouslyBitcoin at 50,000 USD?
14440 views 0 | 8 tweets | 5 linkedin
BBVA tests 'invisible payments' technology at inhouse cafeBBVA tests 'invisible payments' technology...
11851 views comments | 16 tweets | 35 linkedin
RBS hatches plan to create digital challenger bankRBS hatches plan to create digital challen...
11445 views comments | 12 tweets | 23 linkedin
Barclays partners seven watch brands for contactless timepiecesBarclays partners seven watch brands for c...
10493 views comments | 14 tweets | 31 linkedin
Germany's N26 readies for US launch with EUR110 million capital injection led by Allianz and TenCentGermany's N26 readies for US launch with E...
8301 views comments | 14 tweets | 10 linkedin

Featured job

Basic c.£90K OTE c.£180K plus full benefits pac...
London based

Find your next job