Credit card payments are a prime example of fully digital transaction processing without media disruptions. Consequently, providers in this financial product segment should also map application, decision-making and administrative processes digitally from end to end in order to ensure maximum efficiency and customer friendliness.
With the credit card solution, financial service providers operate their credit card business at the highest level of automation across all sales channels. The solution consistently maps all processes from product selection and application to automatic credit decisions and processing, account opening, contract management and accounting in an end-to-end, web-based solution. This enables financial service providers to manage their credit card transactions using standardized, highly automated processes.
Settings
Settings for card name, card system (Visa, Master), card type (prepaid, postpaid), annual fee (free, fees first year, fees following year), partner card (no, yes, costs), credit interest (no, yes, interest rate), current account (no, yes), contactless payment (no, yes), maximum liability amount, credit interest rate, Schufa check (no, yes), extras such as preferred PIN;
Conditions
Specification of the conditions for payment or cash withdrawal in Germany, in the euro zone, in foreign currency within or outside Europe;
Bill settlement
Specification of bill settlement by direct debit from the reference account or bank transfer;
Repayment agreement
Specification of the repayment agreement with activated credit function as a percentage of the invoice amount, but at least a minimum amount;
Additional services
Additional services such as insurance, participation in bonus systems, travel discounts;
Application management
Applications from natural persons such as private individuals, self-employed persons and legal entities; recording of the required data budget with corresponding plausibility checks;
Automated credit decision
Automated query of information, scoring or rating systems, generation of automatic or manual credit decisions, workflow-supporting application processing;
Activation
Activation of the credit card account, production and dispatch of the credit card, continuous processing of deposits and withdrawals, invoice settlement, interest calculations for credit balances and loans;
The entire life cycle of the credit card business, from offer preparation to contract termination, is mapped digitally in an end-to-end system.
Financial service providers are present in all desired B2B and B2C sales channels on all end devices.
A high level of automation enables large quantities, standardized processes, quick decisions and automated processing of contract management.
Different credit card financial products and specific transaction types can be offered. All common credit card types, repayment modalities and interest scales are supported.
Credit card management supports additional services such as insurance, participation in bonus systems and travel discounts.
Credit decisions are made exclusively in accordance with the criteria and rules defined by the financial services provider. This ensures compliance with standardized and centralized lending guidelines and regulatory requirements.