Expense Wallets

The EMerchants' Wallets System allows for multiple sub accounts, or ‘wallets’, to be attached to a primary card account. Each wallet can be configured so that access to its funds is restricted for specific purposes based on predetermined criteria.

EMerchants has developed a restrictions and routing engine, known as ITR (Intelligent Transaction Routing), to facilitate wallet transactions. The system will grant or restrict access to wallets based on:

Restrictions Criteria Terminal ID (CATID) Card Acceptor ID (CAID – individual store) Merchant ID (grouping of CAID’s) Transaction ID (transaction codes) Terminal Group (grouping of terminals) Merchant Category Code

Transaction ID (EMerchants Internal Transaction Codes) Interface (eg. website, POS terminal, ATM and other devices)

The velocities, access rights and behaviours of each wallet can be controlled individually; for example, maximum daily transaction limits, direct entry access, and other variables can be controlled on a per wallet basis.

EMerchants forecasts strong demand for wallets in sectors such as Education, Corporate Expense, Travel, and Government Welfare Programs.

For example, a card for school use may be set up with three wallets; one each for tuck shop, uniform shop and administration. When a student uses their card at the tuck shop, EMerchants’ card management system reads the terminal ID from the received EFTPOS transaction message and compares it against EML’s wallets database. If the terminal ID matches one of those on file for the schools’ tuck shop, the funds will be withdrawn from the student’s tuck shop wallet.