Aimed at organized retail networks, the solution proposed by Global POS and CentralPay is designed to ease the accounting, legal, and security burdens typically tied to gift card programs. By operating through electronic money, this all-in-one setup is ideal for independent store networks, franchises, and hybrid models looking to scale nationally or internationally.
Electronic money and gift card
Fully compliant with European regulations
When prepaid value is issued within a non-integrated network, it falls under electronic money regulations and brings with it significant financial, technical, legal, and security challenges. This new program ensures compliance with the French Monetary and Financial Code, while allowing brands to save time by outsourcing all management to a licensed third party.
It reinforces transactional security, mitigates fraud risks, and guarantees regulatory oversight by the ACPR (the Prudential Supervision and Resolution Authority of the Banque de France).
Prepaid values exchanged within non-integrated networks cannot be treated as revenue and must be accounted for separately. These operations are often done manually and occasionally by each entity’s accounting department.
With this solution, each entity in the network and each gift card is linked to a CentralPay electronic money wallet. Value transfers within this ecosystem become instant, traceable, and fully managed by Global POS’s gift card platform.
The compensation between network entities is handled automatically, which reduces management costs and eliminates cash flow delays. Real-time traceability provides better financial and accounting control, and enables fairer charge balancing rules among the parties involved.
Electronic money and gift card
Global POS and CentralPay: a powerful partnership benefiting the entire prepaid value chain
Thanks to this end-to-end solution, retailers gain the combined benefits of Global POS’s omnichannel gift card program and CentralPay’s flexibility in wallet-to-wallet transactions.
Customers enjoy fully secured funds and the ability to use their gift cards internationally. New use cases are also made possible, such as pooled gift cards (cagnotte), which allow multiple contributors and exceed standard card value limits.
Third-party platforms like employee benefit providers (CSE platforms) can also plug into the ecosystem to automate financial transactions with retailers, while offering users a secure space to store their social benefit funds.
Discover all the advantages of our gift card solution!
“This partnership with CentralPay, a licensed French institution, allows us to offer a fully-fledged gift card program for retail networks. At Global POS, we’re aiming to solidify and expand our expertise across Europe and support our clients in their international growth. We see this service as a new tool for customer acquisition and loyalty across the European retail landscape.”
Olivier RIQUET, CEO at Global POS
“Global POS’s strong prepaid expertise enabled us to co-develop a unique service designed to simplify usage conditions for all market players. This innovative solution will unlock a new world of payment-related opportunities for our retail clients.”
Victor DERRIER, Business Development Director at CentralPay
