Prepaid card solution vendor NxSystems announced today a web-based application that supports merchant issuance of closed- and open-loop prepaid cards at the point-of-sale. NxPOS supports activation of cards, loading of funds in multiple currencies, balance inquiries, transaction activity records, and rewards management. While the actual solution from NxSystems has not been evaluated, the announcement is indicative of the current trend in the point-of-sale space of more functions being placed in web-based services instead of locally installed and managed applications.
Merchants (online or brick and mortar) looking to issue refunds, store credits or reward incentives, can apply these credits directly to the customers prepaid debit card. In a closed loop environment, customers can only use their store credits at the merchants store(s).
Tim Young, NxSystems™ National Sales Manager, stated “with the NxPOS™ web-based point-of-sale system, NxSystems™ now offers additional online resources whereby merchant customers now have an additional and viable method of paying for goods and services, and merchants have a new marketing tool for increasing their store revenues and profits”.
Read the original press release: http://www.prweb.com/releases/2011/01/prweb5007504.htm