A UNIQUE Payment Solution for all Payouts For MLM Companies
Compiled by Pankaj L Shah
Worried about Multiple Payment Cycles and timely disbursements?
Worried about rising Processing and Disbursement Cost?
Hassled by Payment through Cheque / DD / ECS?
The SOLUTION!!
ABC is a Company dedicated to offering payment solutions and prepaid cards in various categories like Payroll, Gift, Student and day to day payment requirements.
The ABC – Alternate Channel was solely established to bridge the gap between the Bank & NM Companies considering the needs of the Networkers by researching, analyzing and providing effective viable solutions.
ABC Company is a wholly owned subsidiary of Pheidon Capital Management Ltd. an organization with an asset base of Rs 650 Crores.
ABC GPR Card
ABC GPR Card is a low-cost payment instrument exclusively designed for Companies who have large number of Channel Partners and multiple Payment cycles. ABC Card assists these Companies to disburse periodic Commissions & Incentives in Safe and Convenient way. 
Benefits to NM Companies
Reloadable Multi-use Prepaid Card which can be used at all VISA Merchant outlets, ATMS & for Online Purchases
More convenient mode of Payment
Reduces cost & processing time of disbursement of Incentive to Members
Reduces Manpower requirements
Can load any amount up to Rs 50,000
Opportunity to enhance the Company’s Brand using co-branded Cards
Robust IT & BPO Support through parent Company’s infrastructure
Micro-level hand holding through Industry stalwarts, providing effective and viable solutions, viz. regular update of mobile number thru SMS or Data exchange
Opportunity to start a closed loop Loyalty Program, thus creating an additional Revenue stream for the Company
Complimentary participation in ABC’s Rewards and other Loyalty programs enhancing the face value of the Card. ABC strives to continuously upgrade / add such programs
Easy reconciliation thru online MIS
Option to hotlist the Card if lost or stolen, decreasing Company’s liability
Benefits to NM Members
Easy to use Multipurpose Prepaid Card
Immediate access to Incentive anytime, anywhere not dependant on Banks or Banking hours
Wide acceptance at all VISA Merchant outlets, ATMS & for Online Purchases
Minimum uploading of Rs 100
Daily withdrawal limit of Rs 50,000 with
More secure than Cheque / DD
No need for a Bank Account
SMS & email alerts for Card load, reload and transactions
Can self Reload thru Net banking or by depositing Cash at the nearest branch
Complimentary participation in ABC’s Rewards and other Loyalty programs enhancing the face value of the Card. ABC strives to continuously upgrade / add such programs
Robust IT & BPO Support through parent Company’s infrastructure 24 x 7 Contact Centre
View Card Balance, transaction history; change ATM PIN through Card holder Portal.
Option to hotlist the Card if lost or stolen
Parameters | Prepaid Card | Cheque | DD | ECS |
Cost | Nominal Issuance and Reload fees | Printing and Bundling Charges | Printing and Bundling Charges + Bank Charges | Charges applicable as per Bank |
Processing time | Instant confirmation on load of amount | Time Consuming task of Printing the Cheque against each Name | DD can be prepared only by Bank and printing DD’s can take time depending on no of DD’s | Transfer to be made against each name |
Member | Instant Cash through ATM’s | En-cashing takes 2-3 days | En-cashing takes 1-2 days | Transfer takes 1-2 days depending on bank |
Not necessary to have a Bank account | Bank account required | Bank account required | Bank account required | |
Loyalty Program on card usage | N A | N A | N A | |
NM company | No manual work ,Bulk upload | High amount of manual work involved | High amount of manual work involved | Individual transaction consumes too much time |
No Courier Charges | Courier charges applicable | Courier charges applicable | NA | |
Easy to upload Commissions , Online reconciliation reports available | Manually reconciliation against each Cheque | Manually reconciliation against each DD | Have to download day to day transaction and do reconciliation | |
Safety | Amount directly loaded on Card | Chance of misplace, tear, damage | Chance of misplace, tear, damage | NA |
Conclusion:
The Author agrees that the Solution provided is “Old Wine in a New Bottle” but also emphasizes that the Solution has become more Mature providing New / Additional features which hitherto where not available.
The Author can be contacted at
Its a sponsored Article.
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