Our EasyV-GiftCard service can really boost sales and consumer spending for our merchants without a large capital investment and low on-going service costs!
London, UK (Vocus/PRWEB) 1 March 2011
EasyV-GiftCard, a new exciting product, is now available from YESpay International designed to address the closed loop Gift Card solution requirements for retailers. With total sales of $97 billion in US and estimated sales of £17 billion in 2010 in UK according to ‘The UK Gift Voucher and Gift Card Association’, the gift card has already established its credibility as an effective customer acquisition tool in the retail market. According to previous studies, the average incremental spend above the value on the card is 40%, so merchants are not only looking at gift cards as an added value service to the customers but also as an effective sales aid tool.
EasyV-Gift Card is an online closed loop gift card solution enabling merchants to implement a powerful customer acquisition program within their retail environment. Provided as a fully hosted and managed service, EasyV-GiftCard can be used at any existing electronic point-of-sale (ePOS) system which is integrated with YESpay’s Chip-and-PIN payment solution or in a standalone mode using a simple PC payment application (YESpos) making it ideal for single or multi-chain high street retail environments.
Using intuitive screen prompts, retail staff can confidently issue, load and accept gift card payments with the knowledge that each transaction is securely authorised online against the gift card holder account checking availability of funds in just 3-5 seconds and settled with the merchant gift card database managed by YESpay’s PCI DSS approved EMBOSS Bureau Service. Merchants can manage their Gift Card scheme through the Gift Card Merchant site, i.e. they can adapt the solution to suit their retail environment, they can add promotions and special Gift Card offers to match their retail strategy.
The Gift Card Merchant Site is a comprehensive website for the complete management of the Gift Card solution; it has information about the number of cards issued, balance available on each card, and also provides the merchant functionality of loading money into a card or blocking a Gift Card if need be. Real time gift card transaction reports can be accessed via the Gift Card merchant website through EMBOSS making reconciliation fast and simple. Downloadable transaction reports, all the way to a single POS system, can be imported into in-house accounts and management reporting applications in a matter of minutes.To start using EasyV-Gift Card merchants do not need any additional software or hardware installation, rather a simple to perform upgrade in their current POS solution. EasyV-Gift Cards are then processed just as normal credit/debit card transactions.
Merchants have a great amount of flexibility with YESpay’s GiftCard. They can choose to issue gift cards with a predetermined value or to allow the customer to specify the initial value of the card. A wide choice of gift card designs can be selected or, if required, the merchant may create their own design, allowing the gift card to match and enhance their branding.
The Gift Card holders can register themselves on the YESpay’s Gift Card Cardholder Website enabling them to perform certain transactions such as activation, loading, balance enquiry and fund transfer to another card through the website. In case the card gets stolen, registered card holders can get a new one issued from the merchant or transfer the funds from that card to another.
Delivered under the SaaS model (Software as a Service), merchants require no capital investment and benefit from low on-going monthly fees per POS system and a small per transaction charge. A one off setup fee per POS terminal ensures they are fully linked and tested with EMBOSS, YESpay’s payment gateway.
Vivek Singh, National Sales Manager at YESpay International comments “ Our EasyV-GiftCard service can really boost sales and consumer spending for our merchants without a large capital investment and low on-going service costs!’’.
To obtain more information on our Gift Card solution please contact YESpay International Limited via sales(at)yes-pay(dot)com or (+44) 0871 221 9510.
About YESpay International Limited:
YESpay, a global card payments service company, provides highly secure Internet, EMV Chip & PIN, contactless and gift card payment processing services to independent and multi-chain merchants. Through EMBOSS™, the YESpay Managed Payment Service, merchants can quickly accept integrated card payments within EPOS, kiosks, hospitality and e-commerce systems with minimal capital investment and low on-going services costs. EMBOSS is an on-line IP-based payment processing service that has been generically pre-accredited by major Card Acquirers in Europe and North America (including Chase Paymentech, First Data Merchant Service (FDMS), Barclaycard Business, HSBC, HBOS, Lloyds Cardnet, Streamline, Ulster Bank, Elavon, PBS, Amex and Diners). In addition, the YESpay EMBOSS service is fully end to end certified to Payment Card Industry Data Security Standards (PCI DSS) Level 1 as mandated by Visa and MasterCard. The YESpay EasyV-Suite of card payment products is innovative and cost-effective for EPOS, Kiosk, Hospitality, Mobile and Internet environments. With the YESpay EMBOSS card payment service, merchants can perform card payments in both card-present and card-not-present environments.
YESpay International Ltd Offices:
UK Headquarters: Checknet House, 153 East Barnet Road, Barnet, EN48QZ, UK
133 Richmond Street West, Suite 406, Toronto, ONTARIO, M5H2L3 CANADA
UK/Europe Telephone: +44 – 203 – 006 – 3790
USA/Canada Telephone: +1 – 416 – 214 - 6012
PR Contact: Antonia Mitsana, Marketing Manager, +44-203-006-3790 ext. 227