3V launches pre-paid 'youth card' with parental controls
23.05.12
After lengthy consultation with child protection groups in Ireland and the UK and building on 3V's award winning technology platform, it offers a unique combination of features and controls which translate the teen card concept introduced by Visa into the first secure and marketable product in the youth market.
This innovation in Payments technology is one of the first full-service youth programmes and is the most sophisticated in Europe today, with a range of mobile-integrated functions. The service is designed to leverage mobile phone penetration in the youth market, offering teens a broader range of services as mobile and payment services start to converge.
Youth cards can be bought online or in stores by parents on behalf of their teens (13-17 years), where the parent will remain the Master Account holder and maintains full account oversight and control of each card registered to that account.
3V's instant global Card-to-Card funds transfer service has been enhanced, so parents can make a one-step transfer to 'top up' their teen's card via web, Smartphone app or SMS. The card can also be topped up in retail outlets or online.
Source: Finextra