Banker S.A. December 2012 | Page 46

sxc.hu Virtual Card Services Virtual Card Services - was established in 1996 to offer a solution to the mail order market which found conventional methods of securing large volumes of credit card payment cumbersome and costly. With more than 50 years’ collective experience in developing and implementing credit, debit and smartcard processing systems for all of the major card issuers in South Africa, Virtual Card Services was quick to identify the niche presented in providing a solution which exactly meets these needs. The “Virtual Vendor” system, which was developed out of this need interacts with a bank’s existing legacy systems, while meeting the vendor’s increasing demands for automated, electronic transaction systems. The company’s client list today boasts a cross-section of businesses who have realised the benefits of automating their credit card transactions. Today’s growing e-commerce market has raised the demand for secure payment mechanisms. Virtual Card Services (VCS) has become Contact details: 35 Anne Road, Glen Austin Ext. 3 Midrand 1685 Tel Sales: +27 (82) 561 6721 Support: +27 (82) 561 7614 Accounts: +27 (82) 561 6912 a recognised player in the online payment gateway solution market, enabling the e-commerce website to deal with credit card payments effectively, securely and in real-time. VCS has been providing a dedicated service that is fast and secure to all their clients while remaining competitively cost efficient. We at VCS are confident that we will continue our rate of growth in the future and establish ourselves as the leading payment gateway solutions company in South Africa. VCS is a Reserve Bank Registered System Operator and a Member of Association of System Operators. Virtual Card Services acts as the intermediary between a vendor and the financial institution via its “Virtual Vendor” system. Two distinct services are offered, covering the full spectrum of both credit card and bank account electronic authorisation and settlement. These services include Virtual Online and Virtual Debit Order. Aside from the advantages in being able to process large numbers of transactions at a time, the vendor no longer requires an Electronic Data Capture (EDC) terminal and radio or telephone link to the bank – this, in itself, offers cost savings to the vendor. All the vendor requires in terms of infrastructure is access to the Internet and the ability to send e-mail. Email Sales: [email protected] S \ܝ