Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,846 members, 7,956,172 topics. Date: Monday, 23 September 2024 at 06:51 AM |
Nairaland Forum / Nairaland / General / Business / VIRTUAL TERMINAL NETWORK (3944 Views)
Virtual Assistance Can Create Job Opportunity For Nigerian Youths / Cbn New Rule: Atm Card Trapped In Other Bank's Atm Terminal Ll Be Perforated / CBN Licenses Five Payment Terminal Service Providers (PTSP) (2) (3) (4)
(1) (Reply)
VIRTUAL TERMINAL NETWORK by hod76(m): 9:56am On Feb 26, 2008 |
VirtualTerminalNetwork Is a revolutionary virtual/Mobile payment network designed solely for the developing economies,Keeping emerging markets in mind by not requiring expensive and impractical payment initiatives of the yester years. Through Graphcard, VTN is the only US. based online payment processor, that opened its gateway to Nigerian in 2004. VTN has been serving Nigeria’s ecommerce needs via an online payment solution for the past three years and has grown to help develop and power the country’s e-government channels, connected to 25 Banks on the InterSwitch Network. In addition, VTN-Graphcard has been providing online payment solutions to the underserved in over 100 countries. VTN’s hybrid Web/Mobile payment network will be launched in October 2007. VTN is a world-class payment system that will help promote a more economically efficient payment channel in Nigeria while maintaining the ease of access and real-time settlement of funds. VTN is designed to: Be a robust electronic payment system to settle Person-to-Person payments securely and easily. Displace widespread cash usage in Nigeria with an efficient world-class payment solution that takes advantage of the culture’s existent and increasing use of GSM phones and other existing infrastructure. Be an open platform where other banks can connect easily and benefit immensely VTN takes advantage of Nigeria’s widespread usage of mobile phone networks and other existing technical infrastructure while avoiding heavy dependence on costly and advanced systems with huge maintenance that may inhibit usage in the rural areas of Nigeria, a developing country. VTN allows for inter-operability competitiveness while providing account users and merchants nationwide access to its extensive financial institutions and agents. The following are the Benefits of VTN, VTN provides cost effective real-time authorization allowing instant settlement of funds With VTN, the already available GSM phone and computer connected to the Internet is the POS of the future. Hybrid Web/Mobile payment platform allows account holders to access funds nationwide so that their money follows them wherever they go No dependence on card usage/card transactions, just simply access via the internet or GSM phone - easy, single step transaction VTN uses the existing mobile phone network infrastructure to execute transactions nationwide Securely settle person-to-person transactions, bills/utility payments, and recurring payments with immediate confirmation via email or SMS Allows citizens of Nigeria living abroad a way to send money home by directly depositing funds into their family’s VTN account Theft protection/safe cash storage & withdrawal, plus secure payment platform within the VTN extensive network Simple and secure 2-step process in withdrawing cash from any financial institution, agent or merchant in the VTN network No software needed, easy set-up and no cost VTN’s previous experience in Nigeria for the last three years has led to the facilitation and successful knowledge interchange in online payment solutions VTN is three years ahead of any payment solution provider in Nigeria. Funds Movement and Settlement There will be one main account, which account holders will be able to manage via the VTN network and not via the separate agents or financial institutions in the VTN network. Each VTN account will instantly be debited and credited as required per each transaction in real-time. All transactions will be completed in Nigeria’s local currency (Naira). VTN allows the inflow of workers remittances by allowing citizens abroad to deposit funds into their family’s VTN account. Commissions per transaction are shared by: VTN Acquiring Bank Agent/Financial Institution In order to prevent abuse, VTN will set the ceilings for collection and payout fees to prevent abuse, while assuring a competitive price and high quality of service to VTN Merchants and Account Holders. All Agents must deposit collections to the acquiring/processing Bank on a weekly basis. For more information contact e-mail info@virtualterminalnetwork.com support@virtualterminalnetwork.com global_errands@yahoo.com www.ErrandsAfrica.com http://abujaerrandsservices..com/ Tel Number +234 803 854 9349 +234 802 752 4451 +234 803 328 6658 |
(1) (Reply)
Professional Handyman Service Now Available In Lagos / Can N2m be made from a soccer viewing centre in 10 months? (After the world cup) / Agribusiness Oppourtunity
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 13 |