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The Magex Platform provides all the components
necessary for financial services organizations to develop
fully functioning P2P payments services. This service
is targeted at small online businesses
and auction sellers that require quick,
secure, and reliable payments but are too small to be
card-acquired. Magex provided this solution in the United
Kingdom market for The Royal Bank of Scotland with its
NatWest FastPay service.
Magex provides the underlying account management and transaction management
service, connections to various funding and withdrawal tools (for example,
ACH connections, debit cards, credit cards, and POS networks), templates
for customized branding, and the necessary financial reports for regulatory
compliance. All these services are delivered under an efficient managed
service model that guarantees rapid design and deployment for immediate
impact. |