Retail Cash Payments
Cards, not cash.
The Problem. A startup company with retail and jewelry experience set up a business centered on buying gold from consumers in malls. They started paying consumers in cash but found replenishing cash daily was cumbersome, costly and inefficient.
The Solution. Swift customized and deployed its real time software at all of our client’s retail locations, entirely replacing the existing cash solution. Custom Visa® cards are sent out, which are then funded and activated once a purchase is complete. ATM PIN numbers are delivered securely and in real time to the point of sale. Today, our client is in over 100 retail mall locations efficiently paying hundreds of thousands of gold sellers annually with Swift’s software.