Disposable VISA launched in Canada
(23 October 2009 – Global) An Irish online payment company, 3V Transaction Services Ltd, has announced the launch of its pay-as-you-go VISA voucher product in Canada.
The 3V Voucher is an easy-to-use online payment method allowing customers to shop online using prepaid vouchers that have a disposable 16-digit VISA number that the customer uses online just like a standard credit card.
Customers can buy vouchers from participating retail outlets in the same way they currently purchase credit for their mobile phones.
This new system is designed to enable people to go online and shop instantly.
The announcement follows the agreement of the Canadian Peoples Trust Bank to act as the Canadian banking partner of 3V Transaction Services Ltd and is part of the Enterprise Ireland Trade Mission to Canada.
The Trade Mission aims to raise the profile of the participants and their relationships with local contacts and customers while also highlighting the strong commercial relationship and economic links between Ireland and Canada.
Ventek Systems Inc. has been secured as distribution partner for the Canadian 3V product platform.
People's Card Services, a division of People’s Trust Bank, will work in conjunction with Ventek Systems lnc. to launch an instant access version of 3V's pay-as-you-go VISA voucher product platform into the Canadian market in early 2010.
It is anticipated that the market will yield spend values of $100 million in online payment value on the 3V Transaction Services product set per annum.
Kieron Guilfoyle, chief executive officer, 3V Transaction Services Ltd, said that the agreement of partnership with both People's Trust Bank and Ventek Systems Inc. is a huge endorsement of the viability and robustness of the 3V product.
This recognition by the Canadian financial industry will hopefully open doors into other countries, Mr Guilfoyle added.
Customers can buy vouchers from participating retail outlets in the same way they currently purchase credit for their mobile phones.
This new system is designed to enable people to go online and shop instantly.
The announcement follows the agreement of the Canadian Peoples Trust Bank to act as the Canadian banking partner of 3V Transaction Services Ltd and is part of the Enterprise Ireland Trade Mission to Canada.
The Trade Mission aims to raise the profile of the participants and their relationships with local contacts and customers while also highlighting the strong commercial relationship and economic links between Ireland and Canada.
Ventek Systems Inc. has been secured as distribution partner for the Canadian 3V product platform.
People's Card Services, a division of People’s Trust Bank, will work in conjunction with Ventek Systems lnc. to launch an instant access version of 3V's pay-as-you-go VISA voucher product platform into the Canadian market in early 2010.
It is anticipated that the market will yield spend values of $100 million in online payment value on the 3V Transaction Services product set per annum.
Kieron Guilfoyle, chief executive officer, 3V Transaction Services Ltd, said that the agreement of partnership with both People's Trust Bank and Ventek Systems Inc. is a huge endorsement of the viability and robustness of the 3V product.
This recognition by the Canadian financial industry will hopefully open doors into other countries, Mr Guilfoyle added.
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