CSI globalVCard app launches for iOS and BlackBerry, NFC to come later
Posted by Seth PlanckOctober 11th, 2011 at 3:58 PM Filed Under Featured, Latest News, Videos
CSI globalVCard app launches with support for its business virtual credit card app on iOS and BlackBerry devices, NFC to come later
Last month CSI Enterprises launched their CSI globalVCard virtual business credit card app for Android. This month the company is adding support for iOS and BlackBerry devices while promising NFC payments capabilities in a future update. Virtual credit cards are set to become a security product that allows both businesses and consumers to protect their real banking details as they create and use virtual cards which act as smaller sub accounts that users transfer money into and then use that account exclusively in NFC mobile wallets such as Google Wallet. However, for businesses, an application like the CSI globalVCard allows them to put money on employees’ virtual cards that businesses create for trackable expenses. The CSI globalVCard app for iPhones and iPads is already available in the app store, and CSI is promising that the BlackBerry app will be available by the end of October. At this time the CSI globalVCard app is not NFC enabled and the company has stated that this will change in a future update that will add PayPass support for NFC payments.
“We have received a great response following the September 1st launch of CSI globalVCard,” explained Keith Stone, CSI President and CEO. “The vast mobile payment arena is still very much under development. CSI’s entire business plan is built around two words: Control and Security. We are ensuring that the newly launched CSI globalVCard app is nothing shy of any of our other innovative business payment solutions that we have offered for over two decades.”
CSI globalVCard app video
How does the CSI globalVCard for iOS and BlackBerry devices work?
The company explains that the CSI globalVCard is a payment method that allows the user to create secure single and multi-use virtual MasterCard account numbers from their tablet or smartphone device. More businesses are using tablets and smartphones as their day-to-day operations become more mobile. With more advanced payment methods, better tracking and security protection is becoming available also. The CSI globalVCard is a great example of how companies can distribute funds for employees in a safe method that negates the needs for expense reports. Security is a major feature of CSI globalVCard. The app contains security features that includes pin-prompting at setup, the ability to create single and multi-use virtual MasterCard account numbers for each vendor payment, all without storing credit card data on a mobile device’s operating system or hardware.
The CSI globalVCard app also has custom features, including transaction restrictions and the ability to set profiles specific to employees by MCC group, dollar amount and/or transaction limit as well as view or block existing cards. CSI globalVCard Cards can also be assigned to specific purchase orders, invoice numbers and be customized with memo notes.
The CSI globalVCard is being aimed squarely at businesses at this time, but we see it as a perfect solution in families and for remittance payments, with its ability to send virtual credit cards to anyone within a minute of so and with lots of security protection added for good measure. Although the company has promised that the CSI globalVCard will support NFC in the future, we would have really liked to have seen the apps working in Google Wallet but we feel sure that the Citi / Google deal is preventing that at this time.
All signs point to virtual cards becoming a big part of our financial future and the CSI globalVCard is already showing the levels of control that we can have over our finances and just how secure the new age of NFC payments is likely to be over what has come before it. All in all, we see apps like the CSI globalVCard as a massive step forward in terms of securing and using mobile wallet payments with more safety and control. If you are interested in getting a CSI globalVCard for your business, click here for more details.