To scale, on-demand services companies need to accelerate the onboarding of new merchants without lengthy contractual agreements. They also need to provide on-demand payment methods for their drivers to enable real-time pickup and delivery. Lastly, they need tighter operations and fraud control.
With instant issuance and tokenized cards, on-demand services companies can onboard new couriers quickly without waiting for plastic cards. They also can onboard new merchants without any system integration. Flexible spend controls and the ability to issue zero-balance cards that are funded in real time help reduce the risk of fraud.
Key benefits for on-demand services
Card form factor variety
Leverage tokenized cards for quick onboarding of service staff, virtual cards for online orders, and physical cards for wide acceptance.
Instant card payments
Onboard merchants quickly as cards are accepted everywhere Visa/Mastercard is. Onboard drivers quickly by issuing tokenized cards for use on the same day.
Dynamic spend controls
Reduce fraud by providing drivers with zero-balance cards and authorize purchases based on merchant identity and amount (e.g., a $18.88 pickup at ABC merchant).
JIT (Just-in-Time) Funding
Release funds based on authorization requests, eliminating the need to tie up cash with prefunded cards.
Enable real-time notifications to alert consumers that a transaction is occurring and their delivery should be on its way.
Inject metadata into each transaction
Easily reconcile payment transaction records with order systems (e.g., by adding an order number or driver ID to the transaction record upon authorization).