Open Loop Credit Cards
Benefits of Open Loop Credit Card Management Solutions & Processing
Flexible Payment Options
Single solution can be used to offer & manage both simple and complex payment plans such as revolving credit, installment credit, same as cash, deferred interest plans and many more. Multiple lines of credit and payment plans can also be assigned to same card account allowing retailers to offer new promotions to its existing customers.
Manage Own or Third Party Portfolios
The solution is both easy to use, feature rich and capable of managing multiple programs at a time making it ideal for both in-house use and processing third party credit portfolios.
Real Time Integration with Interfaces
Real time integration with standard industry service providers (credit bureaus, embossers, collectors etc) and proprietary or other in-house interfaces used for sales, order management, logistics and accounting allows our clients to provide unparalleled customer service.
Same Platform for Credit and Prepaid Gift Cards
Merchant specific prepaid gift cards are very useful tool to attract repeat business. Add gift cards to your portfolio with going to another solution provider.
Service Flexibility
Manage your own programs and leave the processing to CoreCard or work with our experts to implement your in-house licensed software solution. CoreCard also provides a unique option to transition from a processing solution to in-house hosted licensed solution.
Open Loop Credit Card Solution Features
- New Account Processing (browser or bulk loading, optional bureau interfaces)
- Score Based Credit Limit Approval
- Statement Messages for Marketing
- Adaptive Authorization Controls
- Credit Card Issuing, Reissuing, Card Replacement (optional HSM interface)
- Transaction Processing (purchases and payments)
- Delinquency Management & Chargeoff
- Statementing on Multiple Cycles
- Backdating Payments, Fees & Interest
- Accounts Receivable Billing (revolving and non-revolving)
- Multiple Credit Lines
- Multiple Payment Plans
- Flexible Reward And Loyalty Program Management
- Comprehensive reporting for purchase trends and risk management
- Integrated Dispute & Chargeback Management
- Integrated Collections module
- Champion Challenger Strategy Management
- Scalable
- Fault Tolerant