Such 3rd parties charge a high processing fee. With campus prices already discounted, vendor margins shrink further
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Considerable reimbursement time for vendors
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Lack of real-time information/visibility employees & vendors. No real-time reports to employees & vendors. No periodic statements to employees
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In most cases real-time card blocking not possible. Complicates employee relieving formalities
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Not conducive for card acceptance at 3rd party/partners
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In addition it is not normally possible to change the behavior of the program based on corporate needs
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And the solution cannot be enabled on the ID cards that the corporate already issues to the employees
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Corporate customers can choose to enable their ID card to function also as a food card within campus
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Cards are loaded with the allowed limit for each employee
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On presenting this card at any of the food-court outlets, the requisite amount is deducted from the card. Transactions done by initiating transaction on the EDC device supplied by QwikCilver
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All balances are maintained on the server, and real-time
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Not conducive for card acceptance at 3rd party/partners
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Vendors can do a close batch at end-of-day or print reports on transactions for the day any-time
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Corporate designated staff can get periodic report or generate report online on vendor wise spend
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Employees can track activity on their card, block their cards online. Can also get periodic reports on email
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Cards can again be reloaded as desired by Corporate
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Cards can be enabled for acceptance at 3rd parties desired by Corporate, subject to 3rd party agreeing for the same
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In addition to the above, QwikCilver stored value platform provides several limits and controls for Corporate to manage the program. |
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