What We Offer

USE CASES — The Destinations

These are the destinations that our clients and partners can follow the Roadmap through our Blueprint specifications for these Open API use cases that they can implement in an order aligned with their priorities and anticipated ROIs. See our first use case, CommunityVcash.

Merchant Transactions

• Point of sale as well as online merchant shopping cart

• Peer to peer and optional third party payments

• Merchant and consumer initiated payment requests

• Optional detailed transaction data and attachments

• Split & partial Payments

• Pre-specified peer to peer refund terms

 Bill Payments

• B2B, G2B/B2G, and B2C/C2B

• Peer to peer and optional third party bill payments

• Vendor or customer initiated payment requests

• Open item and balance forward invoices

• Optional detailed transaction data and attachments

• Split & partial Payments

• Pre-specified peer to peer refund terms

Refunds

• For Merchant and Vendor Bill Payments transactions

• Peer to peer and optional third party refund

• Controlled by original transaction refund terms, such as…

  • No questions asked money back guarantee

  • Conditional approval

  • RMA (Return Merchandise Authorization) requirements

  • Etc…

• Replaces intermediary uncontrolled chargebacks

  • Can solicit intermediary resolution through Dispute Marketplace

Person 2 Person Transfers

• Domestic and International

• Currency can be exchanged before or after transfer through FX Marketplace

• Optional IOU reminder can be scheduled

My Account Transfers

• Transfer between any accounts owned by same party in same currency

• Can involve accounts from different banks or financial services

• Can transfer between sub-accounts or devices of family members or authorized users of a business level account

Bank 2 Bank Clearing

• Bulk clearing of VFM issued by and reserves held by other banks

• Optional detail clearing of ACH, wire, and other bank to bank settlements in exchange for VFM that can be separately bulk cleared

  • Open APIs imbed details in current standard formats

ATM Deposits and Withdrawals

• Physical ATMs as well as MSB agent "Human ATMs"

• Deposits exchange physical cash in for VFM out

  • Can alternatively accept check, card, or other accepted equivalents

• Withdrawals exchange VFM in for cash out

Marketplace APIs

• FX Exchange is where virtual fiat money (VFM) of one local currency can be exchanged for VFM of a different local currency through a competitive marketplace that can opt to respond to requests for specific exchange currencies, ranges, jurisdictions, selective audiences, and future exchange dates.

• Loan marketplace is where our clients and partners can opt to compete for requested loans by currency, type, range, duration, jurisdiction, selective audiences, and repayment terms. The loan is issued in VFM and a wide array of optional automatically billed repayment invoice requests.

• Invoice Factoring is where businesses can request factored loans against their open invoices through a competitive marketplace of lenders that can opt to respond to requests that include the invoice portfolio the loan is requested against. The loan is issued in VFM and repayment options include re-directed payment of invoices as they get paid by customers and/or other more traditional forms of loan repayment billing.

• Collections is where businesses can request collections assistance against their past due invoices through a competitive marketplace of collection agencies that can opt to respond to requests that include invoice details that are the basis of the request.

• Disputed Refunds is where a consumer refund request was disputed or rejected and can request refund dispute resolution assistance through a competitive marketplace that can opt to respond to requests that include the original transaction or invoice details. Banks can opt to provide this service at no charge as they do today. This is a complete transformation and alternative to the costly current chargeback processes.