Cash Back Loyalty Programme
Cash Back Loyalty Programme We have created a Wallet framework with payments and multi-point collections integrated with the Wallet Engine A cashback system that can be applied to any kind of cash-based reward program. The system should pull your cash back “cash “ and retrieve it for your purchases intelligently using the cash back for benefits based on the outlet/product. Indian Banks and their core banking system work under strict regulations from the Reserve Bank of India. They had to introduce Cash Back. We built Cashback for Federal bank -an emerging player that has won consecutive awards for its IT capabilities and has entrusted us with creating a cashback as an independent system outside their core banking solutions.br> We created a solution that will accrue points from the spending of the customer through banking channels, calculate the same and store it with us, and give it to him for redemption whenever he wants, as kind - strictly NOT CASH. We were continuously audited by one of the “Big 4” on every parameter including our internal processes, storage, documentation, and whatnot, at every stage of development. Due to strict security measures, we were not given access to the main database of the bank, so the entire process was designed through a bridging module and we created a dedicated table structure to handle this process smoothly. Created and tested to perfection, we are proud that the Bank has rolled out the system to its clients.
Current Status: Steady revenues
Business Model: B2B
We have created a Wallet framework with payments and multi-point collections integrated with the Wallet Engine