One World Ventures partners with eCommLink to offer Prepaid Solutions

CNNMoney highlights in this article that 1WorldCard will be working together with eCommLink to create and deploy prepaid solution and remittance programs. The relationship will merge the quick payment processing platform of eCommLink with 1WorldCard's prepaid cards.

This card will allow those without bank accounts to conveniently use their payroll cards instead of getting hit with high costs of check cashing. Steve Prior, CEO of One World Ventures mentions

"We are excited to be working with eCommLink, one of the premier processors of prepaid solutions. Our business model is to provide a wide range of much needed financial products that improve the quality of life for our cardholders and we believe the adaptive nature of the eCommLink platform will allow us to do that today and for the long term as well."

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Managing the Technical Requirements for Incorporating Mobile Payments into Your Business

Leader: T. Jack Williams, CEO, Ecommlink

Here are a few takeaways from his presentation.

What the future of prepaid mobile has in store for us:
- Financial services in the prepaid market
- Inter-brand settlement

Take a look at processors, is it long term?
- Make sure they are integrated with the systems you want to use
- API Library that can support the transactions you want

Lastly, make sure that everyone you deal with has, “Experience, experience, experience, you don’t want to be a test case for someone”

There was time at the end for one Q & A question and here it is.

Q: How do you empower handset to merchant handsets?
The merchant community will not see any value to it so you have to offer financial incentives. We must figure out a way to float downstream with merchant agenda.

Finally, here's a small portion recorded from this presentation:

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