Card Acquiring
Card Acquiring with Evolve Open Banking is a comprehensive solution that facilitates the acceptance and processing of debit and credit card transactions. Whether it’s a straightforward purchase at a point of sale (POS) or a more complex eCommerce transaction, Evolve’s Card Acquiring services leverage major card networks to ensure seamless and secure payment processing.
With Evolve’s Acquiring solutions, you can handle both “pull” transactions, such as card purchases, and “push” transactions, which allow funds to be sent to cardholders.
Card Acquiring at Evolve is a flexible solution which includes features such as the Remote Payment and Presentment Service (RPPS) for bill payments and Mastercard’s Cash Pick-Up service, which allows consumers to withdraw cash using just their phone number.
Pull Transactions
This is the classic model for card transactions, where funds are pulled from a customer’s card to complete a purchase. These transactions are typically initiated at POS systems or eCommerce platforms, where the cardholder’s details are captured and processed.
The Pull transaction solution is available for both fintech companies and merchants, enabling them to easily integrate card payment processing into their systems. Whether you’re running a physical retail store or an online marketplace, this solution offers a reliable way to collect payments from customers.
Push Transactions
The Push to Card solution is a game changer in the payments ecosystem. Unlike traditional Pull transactions where funds are pulled from a customer’s account to complete a purchase, Push to Card allows businesses and fintech platforms to send funds directly to a customer’s debit, credit, or prepaid card.
This solution enables faster, more secure payments with immediate delivery to the customer’s card. It supports Visa Direct, Mastercard Send, and regional card networks, ensuring broad reach across multiple payment platforms. The ability to seamlessly push funds to cards, bank accounts, and other endpoints makes Push to Card a powerful tool for fintech apps and merchants alike.
Remote Payment & Presentment Services (RPPS)
RPPS is a convenient method for paying bills electronically. By offering bill payment capabilities, RPPS allows fintech platforms to become a one-stop shop for financial management, facilitating the smooth transfer of funds for a wide array of services, including utilities, telecom, and other industry service providers. Evolve sponsors and processes RPPS transactions for fintech partners, providing access to a vast network of billers and payment providers.
Mastercard Cash Pick-Up (MCCPU)
Mastercard Cash Pick-Up is a unique service that enables consumers to access cash at participating ATMs using only their phone number and a transaction code. This service eliminates the need for physical debit or credit cards, providing a more accessible and secure alternative for consumers who may not have traditional banking accounts or credit cards.
Manage Financial Transactions with Ease
Evolve’s Card Acquiring solutions offer a comprehensive, flexible, and secure way for fintech platforms and merchants to integrate payment processing capabilities. From traditional purchase transactions to innovative Cash Pick-Up, Evolve empowers businesses to manage financial transactions with ease. Through our advanced APIs and network sponsorship services, we provide the tools needed to enhance financial services and meet the demands of today’s digital economy.