mychoicecorporate.com
Digital Payments
MyChoice Corporate
Overview
MyChoice Corporate allows businesses to streamline
commission, business, incentive, and travel payments and
control expenditures with enhanced convenience,
flexibility, and security. Businesses can easily make
payments across the globe in multiple currencies without
the need for cardholder bank accounts or credit checks.
MyChoice is simple to set up and manage, and it offers a
hassle-free payment solution for employees, agents,
affiliates and suppliers
þ Available in three currencies – USD, GBP, EUR
þ Option to select Standard, Co-branded or White label
þ Easy and fast online account approval*
þ No requirement of credit checks or bank accounts
þ Easily issue prepaid cards to your employees,
agents, suppliers etc. – add money to their cards for
any pay-outs
*subject to successful business and personal verification
process
Features
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Simple predefined programs – standard offering or
customisable programs
Reloadable prepaid card accounts for easy payout
Plastic and Virtual Card account
Chip and PIN card security
5 Easy API connectivity
6Complete compliance solution for
KYC and AML controls
Business Partner Virtual IBAN
Your MyChoice Corporate account also features a Virtual
IBAN that gives you the ability to send or receive money from
your pre-funding account, to both domestic and international
banks, while saving on foreign exchange fees.
Send and Receive Bank Transfers Worldwide
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Send money from and receive money into your
Prefunding account in 24 currencies
Through SEPA payments, Faster Payments and
CHAPS in Europe
SEPA payments received before the daily cut off
time are credited to your account the same day
Worldwide payments via SWIFT
Cardholder IBAN
Top up your card from your bank accounts
worldwide
Give the IBAN to your employer to get your
salary or commissions paid onto your card
Receive payments from individual or
business customers
Receive money from friends & family
Examples of how you can use your IBAN
Your MyChoice Corporate cardholder account can
also feature a Virtual IBAN, giving you the ability to
receive bank transfers on your MyChoice card, from
individuals or businesses worldwide.
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Corporate Expense Card
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Limit your risk - no employee abuse of credit limit on
credit card
Access to reporting platform where individual spend
can be tracked
Control your costs - restrict spend to chosen MCC
(Merchant Category Code) i.e., Airlines, Hotels etc.
Pull back funds if not spent
5 Loading funds onto cards is free & real time
6No KYC needed - Automatic top up of
employees’ card
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Features
Corporate Expense Card
Business Services
Cash Access Services (ATM)
Eating Places and Restaurants
Educational Services
Entertainment
Fuel
Government Services
Healthcare
High Risk Services
Hotels
Religion and Politics
Travel and Transportation
Card Usage Controls
Licensed And Regulated
Award Winning Platform
Cost Efficiencies
Full Admin Control
Business Benefits
Instant Intra System Transfers
Prepaid Debit Cards
Cardholder Benefits
Mastercard Prepaid Debit Card Issued
Funds Available Immediately
ATM/Cash Access
Cost Effective
Available in GBP, EUR & USD
Sectors
Payment Card
Transfer funds to any
MyChoice Card
anywhere in the world
securely within minutes.
The end-to-end process
is seamless and
extremely cost effective
compared to
conventional banking
processes, helping to
reduce operating
expenses.
Corporate Card
Limit expense exposure
- issuing a MyChoice
Card will ensure that
expenses can’t be any
more than the funds
allocated to the debit
card, putting businesses
in charge of costs.
Reporting is easy, quick
and in real-time.
Incentive Card
MyChoice is the perfect
payment vehicle for
promotions and
incentives. It can be
used as a gift card, a
travel voucher or even
linked to an affiliate
program. You control
the amount and nature
of the incentive.
Insurance
MyChoice Professional is
our MyChoice solution for
the insurance market. It is
an innovative payment
solution for commissions
for insurance companies,
brokers and fund
managers. It provides a
cost-effective alternative
to costly and time
consuming bank
transfers.
Sectors
Gaming Payouts
Our MyChoice Card is
the most efficient and
secure way for players
to get quick access to
their winnings. Players
can receive funds
instantly and cost
effectively, eliminating
the need for bank
transfers and cheques.
Currency Exchanges
Brokers and agents can
eliminate sending
cheques and bank
transfers to clients by
offering real time
payouts on MyChoice
Cards. Payouts can be
automated and easily
reconciled by using
MyChoice Cards.
Remittances
Our MyChoice Card
enables domestic and
international
remittances. Money is
available to the receiver
instantly. The receiver
can then spend the
money at POS terminals
or withdraw cash from
ATMs, eliminating the
need for bank transfers
or cheques.
Lending Payouts
Pay borrowers and
lenders instantly with
MyChoice Cards.
Cardholders can spend
money at any POS
terminals or withdraw
cash at ATMs. Easily
move money between
borrowers and lenders.
How MyChoice Corporate Works
You enrol for a card
program and maintain a
prefunding balance with
WaveCrest
You enrol cardholders Standard KYC and AML
applies
You instruct WaveCrest to
credit the funds to the
cardholders accounts
WaveCrest debits the funds
from your prefunding
account and credits the
funds to the cardholders
accounts
Cardholders can use these
funds at any ATM or POS
terminals using the card
External
Bank Account
MyChoice
Business Account (A)
MyChoice Individual
Cardholder Account (A)
GET CASH WITH CARD
at ATMs
SPEND WITH CARD
in store or online
MyChoice
Business Account (B)
MyChoice Individual
Cardholder Account (B)
Corporate Payments
Bank Transfer
MyChoice Instant Transfer
External
Bank Account
How to use the MyChoice Account and Card
Variants
White LabelStandard
StandardCard Design Branded
Cardholder Website Standard Branded
Mobile App
Number of Cards
Physical & Virtual Card
Multi-currency
Minimum 1000 cards
Yes
USD, GBP & EUR USD, GBP & EUR*
Any number of cards
Yes
Setup Cost
API Integration
Free
Optional Upgrade
Yes
Included
**Co-branded Card
Revenue Share Optional Upgrade Yes
Included
Standard Branded
Cardholder Fees & Rules Standard Custom
Optional Upgrade
* Additional currencies available on request.
** Minimum order of 500 card stock.
White Label Multi-tenant program includes the enrollment for additional Business Partners in Client program.
Mobile App & Website
API List
Business Partner:
Create Business Partner
Get Business Partner Details
Business Partner Balance Enquiry
Update Business Partner
Get Transaction Accounts
Get Transaction History
Account to Account Transfer
Cardholder:
Create Card
Get Card Details
Card Load
Get Transaction History
Balance Enquiry
Update User KYC
Activate Card
Get Status
Replace Card
Status Change
CardHolder Update
Card To Card Transfer
Client List
and more...
WaveCrest
WaveCrest is an award winning payment solutions provider.We focus on delivering cost effective, feature rich programs to a
wide variety of industries and geographies.
Our payments solution allows businesses to streamline their
corporate expenses, commission, incentive and travel
payments, and control expenditure with enhanced convenience,
flexibility, and security. Whether you are looking for a turnkey
solution to get started right away or require a totally custom
solution, WaveCrest’s MyChoice platform is your solution.
®Card programs are issued by WaveCrest Holdings Limited ® ® (Europe), MetaBank (USA) and Home Trust (Canada) under
®licenses from Mastercard .
Company Credentials
Ÿ A registered company in Gibraltar(Reg. No : 101302)
Ÿ Licensed E-Money issuer regulated by the Gibraltar
Financial Services Commission (License no
FSC0056NK)
®Ÿ Principal member of Mastercard in Europe.
Ÿ Discover - Non FI issuer in USA
Ÿ Registered Provider of Prepaid Access with FinCen
Ÿ PCI DSS level 1 Certified
Ÿ SSAE16 SOC Type 1 Audited
WaveCrest
Award Winning Enterprise
Gibraltar
World Trade Center, Suite 516,
6 Bayside Road,
Gibraltar GX11 1AA
India
Plot No.39, Tower A, 3rd Floor,
Ananth Info Park, HITEC City Phase-II,
Madhapur, Hyderabad - 500081
United States
12520 West Atlantic Blvd,
Coral Springs,
Florida 33071
WaveCrest Holdings Limited
www.wavecrest.gi
WaveCrest Holdings Limited is a registered company in Gibraltar, company registration number 101302. Authorised and regulated as an e-money issuer
by the Gibraltar Financial Services Commission under license number FSC0056BNK. Wave Crest Holdings Limited is licensed as a principal member with
Mastercard®. Mastercard is a registered trademark of Mastercard International Incorporated.
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