Acquirers, ISOs, Banks and Processors Drive Incremental Revenue While
Their Merchants Benefit from a Virtual Bank Account and Business Card to
Manage Business Finances
WESTBURY, N.Y.-- My Clear Reports, a payments technology provider of solutions and services that help merchant acquirers, Independent Sales Organizations (ISOs), banks and processors make more money from their merchant portfolios, announced today that it has added the MerchantCard MasterCard Prepaid Business Card to its MCR virtual business center for merchants. The MerchantCard is a virtual bank account and business card designed for business owners and their employees, providing all the benefits of a traditional bank and debit card relationship, without the need for a bank account.
“Merchants now have a viable alternative to traditional banking and a vehicle to help manage and control business expenses while getting cash back.”The MerchantCard can be used for purchases or to access cash anywhere MasterCard is accepted worldwide. Merchants gain complete control of funds with features such as automatic email and text alerts when purchases are made, funds are loaded or transactions of any type occur. They can transfer funds to and from multiple cards and bank accounts, plus restrict use at any time. As an added benefit, merchants can get fast and easy access to credit and debit card processing funds by having their daily settlement deposited on the MerchantCard. Merchants also earn cash back every time their cards are used at the point-of-sale. With the ability to load funds up to $150,000, the MerchantCard accommodates businesses of all sizes.
“MerchantCard is a win-win for both merchants and their payment services providers,” states Dino Sgueglia, president and chief executive officer of My Clear Reports. “Merchants now have a viable alternative to traditional banking and a vehicle to help manage and control business expenses while getting cash back.”
MCR’s virtual business center provides quick, easy and safe MerchantCard account access, any time of day or night. Merchants can order and activate cards, manage expenses, pay bills and load and transfer funds, all with the control they want and need to manage business finances.
In addition to MerchantCard, MCR virtual business center provides integrated website access to sophisticated custom reporting on payments data, powerful business analytics and online monthly statements, as well as PCI compliance certification, Internal Revenue Service 1099-K reporting and sales tax filing tools that create business efficiencies. An online marketplace offers ready access to merchant cash advances, online bill payments, gift and loyalty programs, and more to drive sales and facilitate money management. Customer Relationship Management (CRM) software for tracking, soliciting and communicating with customers, plus business templates and forms, financial calculators, marketing tips, and discounts on business and personal products and services are also part of the MCR integrated suite. Additional capabilities are being added on a frequent and continual basis.
Available to merchant acquirers, ISOs, banks and processors, MCR helps drive 24/7 incremental revenue from their merchant portfolios, while increasing merchant satisfaction and retention.
To learn more about MCR and MerchantCard, and schedule a demo, please visit www.getMCR.com, email info@getMCR.com or telephone 1-855-GET-MCR1.
About My Clear Reports
My Clear Reports is a payments technology provider offering solutions
and services to help merchant acquirers, Independent Sales Organizations
(ISOs), banks and processors make more money from their merchant
portfolios, while increasing merchant satisfaction and retention, and
reducing expenses. The Company’s executive team has decades of industry
experience running payments companies offering full-service payment
processing and merchant rewards. The company is a member of the
Electronic Transactions Association (ETA) and is headquartered in
Westbury, N.Y. with a West Coast office in Westlake Village, Calif. For
information, please visit www.getMCR.com.
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