FNDS3000 Corp. operates as a financial transaction-processing company that provides prepaid reloadable cards through distributors to corporate customers in cooperation with financial institutions in South Africa. The company targets its prepaid reloadable cards to individuals who do not have bank accounts.
The company's customized prepaid payment process allows employers to implement and manage a cashless payroll solution. Its processing platform supports prepaid programs for insurance and medi...
FNDS3000 Corp. operates as a financial transaction-processing company that provides prepaid reloadable cards through distributors to corporate customers in cooperation with financial institutions in South Africa. The company targets its prepaid reloadable cards to individuals who do not have bank accounts.
The company's customized prepaid payment process allows employers to implement and manage a cashless payroll solution. Its processing platform supports prepaid programs for insurance and medical aid, gift card and corporate incentives, prepaid cellular charges, and small-scale international transfer of funds. Additional offerings also include micro lending, debt rescheduling and management programs, and commission and gratuity cards.
In addition, the company’s processing platform meets the mobile banking needs of its customers. It obtains and issues prepaid cards; keep the cash loaded onto those cards secure through its partnership with a sponsor bank; keeps track of the cash where it is spent by each cardholder; arranges access for the cardholder to use ATMs (automatic teller machines) and the MasterCard worldwide acceptance network; and provides each cardholder with support and value-added services.
The company's prepaid programs and services include prepaid payroll program; microfinance card program; benefits/rewards card programs; international money transfer card; and closed loop/gift cards.
Markets and Customers
The company focuses on concentrating its business-building activities on three developing global regions: Africa, the Middle East, and southern Europe. Its primary target customers are mid- to large-sized businesses, micro-lending institutions, and government agencies.
History
The company was founded in 2006. It was formerly known as FundsTech Corp. and changed its name to FNDS3000 Corp. in 2008.