Key features of the plug-in:

One load. Multiple purchases.
Cost of a single larger value load transaction processed efficiently using existing payment infrastructure (i.e. €50 debit/credit/ACH transaction) is spread over a series of low value payments (analogous to what happens with an ATM transaction for physical cash).

Auditable stored value
Patented technology means funds transferred in fully auditable electronic units eliminating need for shadow accounting systems and individual reconciliation of low value payments.

Auto-load
Consumers do not have to manage any balance or initiate re-loads. Whenever needed, the load is initiated automatically using secure authentication for the consumer. This occurs conveniently in one simple transaction, while making the purchase.

The Cardis Plug-in

The Cardis plug-in is the first solution of its kind designed to significantly reduce the cost of using the existing payments infrastructure to drive the volume of electronic low value payments with benefits to all participants in the payments value chain.

The plug-in is based on patented stored value, payment aggregation technology, is fully compatible with the existing payment infrastructure, and requires no changes to the existing operating models.

The technology is geared as an extension of existing card payment products and infrastructure. Cardis provides plug-in software components for payment issuers, processors/acquirers, and payment schemes.

The plug-in creates opportunities for new profitable revenue streams by leveraging all payment form factors including contact and contactless cards and mobile phones, and all payment channels including physical, online or mobile point of sale.


Unmatched benefits for all payment ecosystem participants:

For issuers
Drives incremental profitable revenues, provides positive business case for rollout of contactless/NFC payments, and extends low value payments across other channels (e/m-commerce) in a profitable way

For acquirers & processors
Drives new business from cash-only merchants and incremental profitable revenues from existing merchants, provides positive business case for rollout of contactless/NFC terminals

For payment networks
Unlocks significant net new volumes from cash conversion, provides differentiation proposition that directly improves the bottom line of their customers

For merchants
Unparalleled, affordable cost of acceptance for low value payments, positive business case for contactless/NFC acceptance, increased speed/throughput

For consumers
Speed and convenience, broader merchant acceptance including those that usually accept only cash, state of the art security at both physical and virtual point of sale