PayEx offers a unique system for the production, distribution
and validation of electronic value codes. Electronic value codes
are a means of payment similar to a gift card, but instead of printing and
distributing physical cards PayEx provides an electronic service.
The value code is issued with a value and use by date,
and can be used in physical and online stores and for mobile shopping.
Value codes are easy to distribute by e-mail, text message or MMS. They
can also be integrated in your store system and printed on the receipt roll.
The systems are currently used for everything from electronic gift cards
to prepaid cards for the telecom sector.
Value codes can be used for virtually any type of transaction. Typical
applications include:
- Gift cards
- Prepaid cards
- Credit vouchers
- Discount coupons
- Validation codes
- Single-use codes
PayEx electronic
promotional codes have many benefits!
- Electronic
distribution
- No printing costs
- The money is
deposited in a central account
- Real-time control
over payment flows
- The same handling of
electronic promotional codes throughout the chain
- The same handling in
all countries
- Can be used online
and in payment terminals
- Ability to check your balance via a mobile
device
Electronic
promotional codes have limitless applications. Our system allows us to rapidly
adapt services to meet individual requirements. The following is an example of
a scenario where the service solves a specific problem.
-
Jonas is 14 years old. On his way home from
school he discovers that a new electronics store, Elgiganten, has just opened
its doors nearby. He of course goes in to have a look. The store has many
opening offers but Jonas is most interested in the fact that between 2 and 3
p.m. they are selling Playstation 3 at half price.
- Jonas calls his
father, who is at his office working. With only 40 minutes remaining before the
offer closes, Jonas urges his father to come to the store as quickly as
possible.
- Unfortunately,
Jonas’ dad can’t come because of a meeting with clients which begins in 10
minutes.
- Jonas and his dad
agree that the offer is too good to miss but don’t know how to solve the
payment issue, as dad can’t get away from the office and Jonas doesn’t have any
money of his own to pay with.
- Then Jonas discovers
that Elgiganten sells electronic gift cards in its online shop.
- Jonas’ dad visits
www.elgiganten.se and buys a gift card with the value of the discounted
Playstation game.
- He pays for the card
using his VISA card and two seconds later Jonas receives a promotional code on
his mobile phone.
- Jonas snatches up a
Playstation 3, heads for the till and enters the code in the payment terminal.
The code is validated and the payment is executed. A very satisfied Jonas
leaves the store clutching his new Playstation 3.