Commercial Recycling

Legal Requirements

We’re equipped to meet any requirement.

The Problem. A major recycling company wanted to help its clients manage the ever-increasing complexity in paying its customers for scrap, copper, aluminum and other precious metals. Unfortunately, the changing legal landscape from states combating recycling theft have led to payment policies ill-equipped to handle cash and check payments.

The Solution. Through API web services, Swift instantly funds and issues Visa® prepaid cards with software currently in place at hundreds of scrap yards across the country. This means even mom and pop recyclers can pay their customers instantly and securely. Most importantly, since Visa payments can be “scheduled” electronically to automatically load once the delay period has been met, the payment system flawlessly meets the new legal requirements.