IFAN Financial, Inc. (IFAN) Seals Agreement with Card Collaborative International to Deliver Development Assistance

IFAN Financial, a company whose business efforts are focused on the design, development and distribution of software to enable enhanced mobile payments, has entered into a strategic relationship with Florida-based The Card Collaborative International, LLC (TCCI) to manage the Quidme debit card program.

The agreement states The Card Collaborative International will provide a variety of services to IFAN Financial’s Mobicash America subsidiary. These services include:

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Prepare banking compliance including the Customer Identification Program (CIP) and Office of Foreign Control Program (OFAC);

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Finalize third-party processor agreement;

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Open bank settlement accounts;

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Initiate card program risk assessment;

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Secure POS/ATM network approval;

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Manage call center/customer support testing;

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Initiate white card testing; and

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Supervise card manufacturing.

As part of its role as a developer of a shared services operational platform, TCCI works with prepaid card issuing banks to design and develop numerous programs and services. Through the use of this model, TCCI takes on the role as a program manager interfacing directly with issuing banks, card fulfillment providers, processors and other service providers.

IFAN Financial’s Chief Financial Officer, Steve Scholl noted, “TCCI offers IFAN Financial an innovative suite of solutions which will help us build the back-office capabilities and banking functionality to launch the Quidme platform. Developing this infrastructure will also support the efforts of our iPin Technologies subsidiary in the mobile payments space.”

IFAN Financial, in tandem with its wholly owned subsidiaries, designs, develops, and distributes software to facilitate mobile payments. These include the ability to use a debit card and corresponding PIN number while purchasing online on a mobile phone, tablet, or computer and conducting peer-to-peer cash transfers.

For more information on the company, visit www.ifanfinancial.com

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