E-wallet

• E-wallet/mobile e-wallet - a type of e-wallet with balance account, allows the user to make payments, to transfer money, and had merge, split, top-up and withdraw options. Both web and mobile interfaces are available.
• Virtual money - a type of account with digital money, which is issued and controlled by its developers (you) and used and accepted by the members of a specific virtual community (game, social network, etc.).
• Embedded Ewallet - a middleware for money transfer accounting as part of a complete system.
• Mobile to Email - transfers from mobile phone accounts to e-mail accounts
• Alternative money - create alternative money with the reference to different goods (gold, oil, energy, precious metals, etc).

Ewallet/Mobile Ewallet

Build your own e-wallet with balance accounts, money transfer service, merge, split, top-up and withdraw options via web and mobile interfaces.

Administrative options:

• Control over merchants
• Payment gateways: add & manage any payment gateway into the system
• Add & manage contracts:
  • Set the rules of a contract: limits, commission rates, currency exchange rates, thresholds
  • Set the limit rules : per transaction/day/week/month, per operations, top up/withdrawal/money transfer between accounts
• Dispute resolution system (DRS): solve arguments between users
• Reporting & analytics:
  • Basic - transaction reports
  • Advanced - data analytics and visualisation based on a business model
• XML or Web Services Integration: a connector that acts as a "translator" between customers and suppliers allowing different formats or programming languages ??(usually XML) to be compatible
• System logs & alerts: store the history of all events inside the system

Merchant functionality (back-office dashboard):

• Multi-currency merchant account:
  • Balance
  • Point of sale
  • Receive payments
  • Invoicing
  • Withdrawal
• Merchant profile:
  • Company profile
  • Contact details
  • Bank account details
  • Contract details
  • Compliance procedures
• Setup & manage services:
  • One-click payment: set the service that allows customers to make online purchases with a single click. The payment information needed to complete the purchase should be entered by the user previously. Merchant stores it in the encrypted format.
  • Refund: manage and resolve the return process of funds to a consumer initiated by the payer
  • Invoice: generate personal/non-personal invoices with unique ID for one-time payments
  • Payment forms: generate special pre-filled form for reusable payments
  • Multiple points of sale (POS): configure different places where a retail transaction is completed (online stores)
• Reporting & analytics:
  • History overview (list of transactions)
  • Transaction details overview (payer details, amount of payment, purpose, currency, invoice number)
  • Advanced data analytics and visualisation of unstructured payments data, transforming it into a rich source of strategic insights that helps optimise the online business and drives sales
• Payment page configuration:
  • Available payment methods
  • Requested information from the payer (name, contact details, etc.)
• Withdrawal: initiate money withdrawal from the merchant account
• Provide limited access to employees via Merchant Operator
• API (payment interfaces integration)
• Block users: manage for security purposes the list of users who are not able to make payment operations
• Limits by operations: set the limits by operations per transaction/day/week/month

• Onboarding: merchant identification process
• Know your client (KYC): merchant and point of sale verification process.
• Two-factor authorisation: identification of users by combining two different components (phone/sms, for example);
• Risk-management: the process of identifying and managing the risks that the e-wallet faces;
• Withdrawal: automated or manual process of money withdrawal.

• Primary actors:
  • Merchant - the owner of the wallet with additional features (integration with the site via API, invoicing). The merchant accepts payments from other users for his goods and services.
  • User - he owner of the wallet without additional features. The user can top up his or her account, pay the merchant or transfer money.
  • Dealer - the entity who has the right to issue and sell virtual currency to earn commission.
• System actors:
  • Chief financial officer (CFO) - responsible for the financial and economic essence of the business;
  • Financial manager - analyses the profitability of the project, leads the system's accounting policy, generates reports, etc.
  • Compliance manager - manages the merchants and ensures the security of their involvement in the KYC system (know your customer)
  • Anti-fraud manager -responsible for fraud risk management and dispute resolution between all members in the system
  • Business development manager (BDM) - responsible for merchant onboarding and revenue plans.

Digital money is a type of account that is issued and controlled by its developers (you) and used and accepted among the members of a specific virtual community (game, social network, etc.). Virtual money allows you to add additional value to your existing product.

You are able to create a virtual currency according to one of these business models:

• Internal virtual currencies - these currencies have no connection to the real economy, like currencies in "online-games-only". This allows you to to add to your current product (social network, game, etc) a user's balance concept
• Virtual currencies with currency flow into one direction - this type of currency has been known in the form of coupons. They are widely used in the internet commerce, online services, development of online communities and games. Virtual or game currency can be bought but not exchanged back into real money. Some examples are Amazon coin, Facebook Credits, etc.
• Convertible virtual currencies - a virtual currency that can be bought and sold back for legal tender. Usually, it is a decentralised currency, for example bitcoin.

Administrative options

• Manage the issuing of virtual money: automatic issuing with no system engagement on the customer's request or planned issuing done by the issuer (you)
• Issue several currencies within one project with different cross rates;
• Set the exchange rates on your own in the admin panel;
• Correlate the value of your virtual currency to the conventional value: dollar, euro and other currencies exchange rates;
• Correlate the value of your virtual currency to other values: bitcoin, oil, gold, shares of certain companies' prices, etc.

Embedded e-wallet

The embedded e-wallet is a middleware for money transfer accounting as a part of a complete system.

This type of e-wallet allows you to add a user's balance concept to your current product. It is a customer's virtual account that can be topped up via a payment gateway. The user can keep the money in the balance for a long time or spend all or a part of the money to buy goods and services inside your system.

This simplifies the buying process for your customers, increases their loyalty and your profits.

Administrative options

• Manage virtual money issuing: automatic issuing with no system engagement on the customer's request or planned issuing done by the issuer (you)
• Set the exchange rates on your own in the admin panel;
• SManage payment gateway list;
• Full control over users;
• Reports & statistical overview.

Alternative money

Alternative money This solution allows you to create any alternative money with the reference to different goods (gold, oil, energy, precious metals, etc). The exchange rate of your currency will totally depend on the value of the chosen product.

For example, you associate the value of your own virtual currency with gold. According to the APMEX statistic, the price of gold per ounce is $1,260.5 as of March 14, 2016.

If we go back and look at the value of gold in December 31, 2015, we can see that the price of gold per ounce was $1,063.7. Consequently your alternative currency cost $1,06 on December 31, 2015.

You have to consider that many factors influence the spot price of gold and other precious assets. Gold prices change every few seconds and there is an unlimited number of components that play a role in the price of gold. Some of the reasons for the changes in gold prices include: current events, market speculation, currency values, supply and demand buying power.

Usually, this type of alternative money is issued and controlled by its developers (you) and used and accepted among the members of a specific virtual community (micro investment platform, social network, local communities etc.).

Administrative options

• Manage the issuing of virtual money: automatic issuing with no system engagement on the customer's request or planned issuing done by the issuer (you);
• Issue several currencies within one project with different cross rates
• Set the exchange rates on your own in the admin panel;
• Correlate the value of your virtual currency to other values: gold, oil, energy, precious metals, shares of the certain companies' prices, etc.