Leland Strange, CEO In the current world scenario where more and more goods and services are bought using cards and online payments, banks and financial enterprises are rendering various payment options through credit and debit cards. To support the complex requirements of the evolving global financial services industry, the Norcross, GA based CoreCard is committed to providing enterprises with industry specific card management applications and payment solutions. With over three decades of domain expertise in building and managing payment systems and card solutions, the firm offers an array of account management solutions including mobile payments. With a feature-rich platform for processing and managing full range of card products including prepaid/stored-value, fleet, credit, debit, commercial, government, healthcare and private-label cards as well as accounts receivables and loans, the company is transforming payment experience through technological innovations.
CoreCard’s CoreISSUE application, built on robust financial transaction processing and account management platform—CoreENGINE, offers private label credit card industry with several key benefits of instant fault tolerance, scalability and easy customizations. The solution can be best utilized by retailers, payday lenders, B2B lenders, dealerships, health and wellness service providers, third party issuers and processors. Furthermore, the firm’s multi-lingual and multi-currency prepaid card management software enables processors, program managers and issuers to quickly launch and manage various types of prepaid programs for both business and consumer prepaid card segments.
To help enterprises simplify their complex receivables management, CoreCard’s accounts receivable solutions are specially designed to facilitate effortless governance of new finance programs including revolving credit. The software platform is powerful and comprehensive enabling collections, dispute management and sales commission solutions to be plugged into the core accounts receivables system. The solution can also be used to offer and manage invoice based financing. In addition, the firm offers retail chains, malls, gas stations, theme parks and other connected commerce businesses with closed loop payment systems including gift and promotions cards to help establishments offer promotions and rebates to their valid customers.
CoreCard’s accounts receivables solutions
are designed to facilitate effortless
governance of new finance programs
including revolving credit
The firm’s suite of solutions can be easily deployed with a highly experienced technical team backing the entire implementation and deployment processes. CoreCard also offers a full suite of services related to payments processing from operations to customer services specific to industry needs.
The firm’s mastery in facilitating flexible payment options has helped many organizations to upgrade and improve their business outcomes. For instance, a national provider of support services to general and multi-specialty dental groups in the U.S. was planning to increase their customer base by providing financing options to dental patients. The client wanted to install an in-house financing solution to offer financing to all their customers while keeping costs low. As a first time user of in-house loans/ receivable solutions, they particularly were in search of an easy-to-use, comprehensive solution—CoreISSUE application fit the bill suitably. The solution helped the customer to generate contracts, assign loan plans, issue payment options and schedule payment dates, and send invoices. It also offered several benefits including multiple lines of credit, flexible payment schedules and options; and auto debit from customer’s bank accounts.
Besides carving a niche as a card management systems and processing services provider, the company has recently announced the CoreCard processing platform as EMV-enabled, enabling current and future clients to issue chip cards to their cardholders. “We developed our platform to run many different types of programs and EMVready is an essential component on our already feature-rich software platform,” says Leland Strange, CEO, CoreCard.
