Both iKobo for Business and the Mass Payments are aimed at small and medium sized businesses, enabling them to make money transfers internationally to pay commissions, payouts, incentives, rewards and other payments to employees, contractors and other affiliates who receive their funds on a reloadable iKobo Visa Prepaid Debit card.
US online transaction processing technology developer M2 Global acquired iKobos assets in November 2008, and added the iKobo Visa Prepaid Debit Card to its portfolio of prepaid debit card products which is managed via M2 Globals technology platform. Via the Visa Prepaid Card, customers can send and receive funds at 1.2 million ATMs worldwide. The card can be used at any location which accepts Visa debit cards. M2 Global provides global online transaction processing, especially credit and debit card transactions and other online funds authorisation and settlement systems.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now