<Enhancements to the existing product>
<Configuration requires a separate service agreement>
Now any WAY4 contracts can be grouped and assigned special tariffs or limits all at once, even contracts from different hierarchies. Typically, this feature would be useful for:
Acquirers
-
applying a discounted merchant service charge (MSC) to different merchants located in the same geographical area
-
grouping all POS terminals served by the same service company, assuming MSC depends on this company’s fees
Fleet card processors
-
grouping drivers and gas stations to allow fuel purchasing only at the stations along the driver’s work route
-
offering fuel discounts at selected stations with lower car traffic
Issuers
-
testing new marketing campaigns on target cardholder segments, e.g. offering higher cashback to VIP customers of a particular branch
-
applying transaction limits to groups of corporate cardholders