User:Jae churchill/sandbox

eCarteBlanche is an Internet-based financial services business that allows users to transfer money and receive payments through re-loadable prepaid MasterCard debit cards. The company focuses on specific payment solutions, primarily affiliate, mass payments, Local Electronic Funds Transfer (EFT), merchant accounts, and payout programs in countries with under-developed banking systems.

The Company is headquartered in Montreal / Canada with offices in Luxemburg, Barcelona / Spain and London in the UK.

Business model
Many card issuing banks issue prepaid Visa Inc. or MasterCard debit cards either directly or through Member Service Providers (MSPs). In order to compete, many of these organizations target specific markets, where they can differentiate their products. eCarteBlanche pursues a number of specific markets by providing salary and commission payout solutions for industries like affiliate marketing, International students, freelancers, Co-Branding, Corporate travel and expenses, remittance transfer.

ln the micro-payments arena eCarteBlanche is a competitor to International Bank transfers.

eCarteBlanche® Prepaid MasterCard is issued by Belize’s Choice Bank Limited pursuant to licence from MasterCard® International Inc.

Services
eCartteBlanche provides several electronic payment services.
 * Debit MasterCard; A prepaid debit card accepted in 210 countries.
 * Online Payment Services.

Payment Services for Travelers
The eCarteBlanche Travel Prepaid MasterCard is accepted in multiple locations worldwide, where debit MasterCard is accepted. No FX margin is added on top of the MasterCard conversion rate. Travelers can use the card at a point of sale location to make purchases and at an ATM to withdraw cash.

The eCarteBlanche Prepaid MasterCard can be used for online transactions whenever a debit MasterCard is an acceptable form of payment.

World Currency
By charging no Exchange Rates or Fees, and using the CurrencyFair's foreign exchange platform (peer-to-peer / person to person), eCarteBlanche created a virtual World Currency. It's essentially a Prepaid MasterCard in $US or €Euro, with funds being converted to the appropriate currency at the point of sale. eCarteBlanche uses the MasterCard's conversion rate for these transactions. The only cost incurred is when cash is withdrawn at an ATM and this is charged between $1.00  and $2.50 depending on the organisations or businesses providing the cards. Loading the cards is almost instant and the transfer can be done in less then 2 hours.