The e-commerce fields of activity - shop, logistics and billing - require highly diverse core competencies, not to mention specialised resources. The present development of the existing and new Internet shipping solutions shows that this division of tasks will represent the norm in future. 

Because in the Swiss mail and e-commerce sector, payment on account (that is, without a credit card) is imperative and Internet orders inherently carry greater debtor risks, the need for a more modern and high-performance billing platform, which particularly reduces or even eliminates debtor risks, will become increasingly important. 

The MFGroup recognised this at an early stage and, together with renowned partners (in particular: Instrum Justitia and UBS), developed the platform "POWERCARD", which addresses the flow of goods with an orderly and secure flow of funds. The platform assumes all the tasks necessary in this respect, that is, from the credit-rating check to invoices and monitoring of outstanding invoices resp. order limits right up to collections, pre-financing, and the complete assumption of the entire debtor risk. 

The best way of briefly describing the PowerCard platform for Internet solutions is as follows: It processes the billing in a manner similar to a credit card, however, not subject to the conditions of a credit card nor any kind of identification numbers, which have to be relayed over the Internet. The approach selected by MFGroup unites the benefits of payment by credit card with the benefits of uncomplicated customary invoicing, which is valued by the customer (incl. a possibility of prepayment). 

Benefits of the MFGroup billing platform for e-commerce

• Customer
  • Clear monthly bill
  • Possibility of partial payment
  • Affordable method of payment (no annual fee)
• Partners
  • No debtor risk
  • Affordable credit commission rate
  • Integration of Internet order in partner ERP
  • Possibility of using all functionalities of the PowerCard platform, in particular:
  • Activation of a bonus system according to choice
  • Delivery of a partner pay card (PowerCard) for the use at the POS