Enables the customers to purchase prepaid vouchers that contains 16-digit VISA number for online purchases like standard credit card
3V Transaction Services, an Ireland-based online payments company, has launched pay-as-you-go VISA voucher product in Canada. This lauch was a part of the enterprise Ireland trade mission to Canada and follows the agreement of Canada-based Peoples Trust Bank to act as the Canadian banking partner of 3V Transaction Services. Ventek Systems has also been secured as distribution partner for the Canadian 3V product platform.
People’s card services, a division of Peoples Trust Bank, will work in conjunction with Ventek Systems to launch an instant access version of 3V’s pay-as-you-go VISA voucher product platform into the Canadian market in early 2010.
According to the 3V Transaction Services, the 3V Voucher is an online payment method allowing customers to shop online using prepaid vouchers that have a disposable 16-digit VISA number that the customer uses online just like a standard credit card. Customers can buy vouchers from participating retail outlets and customer use it immediately.
Kieron Guilfoyle, CEO of 3V Transaction Services, said: “The agreement of partnership with both People’s Trust Bank and Ventek Systems is a huge endorsement of the viability and robustness of the 3V product. This recognition by the Canadian financial industry will hopefully open doors into other international countries.”