Our Premier ADVantage Card is a prepaid Association debit card with an INTEREST FREE Revolving Credit Facility. Through the provision of just-in-time funding during the transaction authorisation process, a credit line is extended to consumers that is repayable within 30 days at no interest.

Premier ADVantage Card is offered in 3 subscription tiers, which offers ALL-INCLUSIVE transactions at the fixed cost of the chosen monthly subscription option, as well as the option to pay-per-use for transactions that exceed the all-inclusive transaction count.

When the card is swiped at a Point-of-Sale, the authorisation request is passed to the FinTech Card Issuer, which then requests further authorisation from us. Upon receipt of the authorisation request, we perform a balance lookup query on the customer’s eWallet account. The shortfall is then checked against the customer’s Available Credit Facility, whereafter we then pass funding, in the exact amount of the transaction shortfall, through an API call, from our Funding Account to the relevant customer eWallet account. This amount is then deducted immediately from the eWallet to complete the payment authorization request.

Fraud risk is dramatically reduced as funds from the program reserve is only used on approval of each transaction. This allows for greater control and better cash flow management.

The card or associated eWallet could thus carry a zero or insufficient balance, until the time of transaction, when we authorize the release of funds. This eliminates the need to guess the amount that would be needed to cover purchase transactions at the time of sale.

Just-In-Time Credit Funding is made possible, by our FinTech providers affording us the opportunity to interject in the authorisation process in real time, through automated API process integration.