New Features for

2014

What is Velocity Checking?Analysis of purchasing

patterns of an individual

and of their current

transactions to identify

possible irregularities or

trends.

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Velocity Checking

• Response to growing demands of HMRC

• Response to growing awareness by criminals

and money launderers

• Response to the personal responsibility of key

executives in our clients organisations

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How is Velocity Checking Used?

Web sites

Payment Gateways

Shops

Financial Institutions

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Velocity Checking –What can be checked?

Name (first, last, or a combination)

Payment card number

Email address

ID number

Telephone number

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Velocity Checking - How does it work in UltraPoS?Version 2.5 and later.

Define criteria to match against (name, address,

phone number, ID etc).

Define products to apply it to.

Define any value amounts to apply.

Transactions exceeding the limit are blocked

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Velocity Checking - Where else can it be used?

Online transactions (“unable to complete this transaction, please visit your local store”).

Payment gateway – check the number of times a card has been used through that gateway in a given period.

Payment gateway – frequency of use of the IP address where the transaction originated.

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Velocity Checking – Further Enhancements

Display customer transaction history to user.

Dual control.

Block duplicate customer records.

Deferred / advanced / diary orders.

Allow / query / block.

Reporting.

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Money transfer from MoneyGram in v2.4

Fully integrated.

No re-keying.

Improved accuracy.

Time saving.

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Send MoneyGram

1. Choose your country

1

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Send MoneyGram

1. Data populated from MoneyGram’s database

1

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Send MoneyGram

1. User is presented with all applicable pay-out currencies

1

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Send MoneyGram

1. Select the amount to send in local currency

2. Tick if you wish fees to be included in the send amount

3. Select this if you wish to chose to send an amount in the destination currency

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2

3

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Send MoneyGram

1. Chose whether to use the instant service or the payment to a bank account. Click anywhere on the line to highlight it in yellow as your selection.

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Send MoneyGram

1. This page collects information about the sender.

2. This is MoneyGram mandated data. If your organisation requires the collection of more data than MoneyGram (for example, the title) this will be collected at a later stage

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1

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Send MoneyGram

1. Collect details about the receiver.

2. Mandatory fields may be triggered by a number of different factors including destination, amount, currency

1

2

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Send MoneyGram

1. Capture the ID for the recipient (field is not mandatory – red – in this instance). 1

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Send MoneyGram

1. Enter the ID details

1

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Send MoneyGram1. Regular transaction line appears

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Send MoneyGram

1. Customer copy of receipt

2. Senders details

3. Recipient details

4. MoneyGram reference number

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3

2

4

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Send MoneyGram

1. Agent copy of the receipt1

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Receive MoneyGram

1. Search for a Money transfer

2. Enter the MoneyGram reference number or

3. Enter the telephone number of the sender or

4. Provide specific details of sender and recipient

2

3

1

4

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Receive MoneyGram

1. Enter the reference number and click next.

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Receive MoneyGram

1. Check the currency and amount

2. Check the status of the transfer

3. Check for any notes. 1 2 3

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Receive MoneyGram

1. Customer name as supplied in the original send transaction

1

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Receive MoneyGram

1. Collecting identification is mandatory because the field is red

2. Permitted forms of ID.1

2

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Receive MoneyGram

1. Enter the ID details

1

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Receive MoneyGram

1. Regular transaction line appears

2. Other mandatory customer fields required

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2

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Receive MoneyGram

1. Receipt is two-part, this is the Customer copy

2. Money transfer reference number

1

2

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Receive MoneyGram

1. Agent copy of receipt1

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Multi-currency Prepaid Cards

Launched in 2010

Visa and MasterCard

Multiple purses on the same account

Australia led the way

UK now playing catch-up

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Multi-currency Prepaid Cards

Substantial change in UltraPoS

Fundamental functionality

Will be in v2.5

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Multi-currency Prepaid Cards

- Which card products?

– Initially just PrePay Solutions

– Likely to include Access Prepaid (Cash Passport)

– Others if there is demand

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Browser Support

• Increased demand for multiple browsers

• IE10 and IE11 contain significant changes

• v2.5 will eliminate need for compatibility

mode in IE

• v2.5 will support Googles’ Chrome

browser

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Maintenance changesIncreased demand for ordering sites requires a nimble response to

currency or denomination availability

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Online sales with home delivery

also requires timely changes

SCL spend several hours per day

maintaining currencies and

denominations

Maintenance changesCustomers demand a fast response.

SCL enhancing currency maintenance in the UI

Customers able to manage the currency and denomination availability (allocate permission to a particular user type)

Customers can respond to changes quickly and efficiently.

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Any Questions?

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