Money movement is the ability to transfer funds from one entity to another -- a common requirement in franchised environments.
Paytronix stands out with the ability to accommodate both centralized and decentralized money movement and tracking models.
In a centralized money movement model, the corporate office holds all gift card sales revenue as well as all of the outstanding liability. When the cards are redeemed outside of the corporate ownership entity, the corporate office moves money to the entity who redeemed the card(s) for the appropriate net amount of the redemption.
In the decentralized model, the franchisees hold both the money collected at the time of the sale and the liability for the cards. If the cards are redeemed in another ownership entity (another franchisee or corporate environment) money is then moved from the selling franchisee to the redeeming entity.
In addition, Paytronix has developed several other innovations to enhance money movement services. For example, merchants can create processes to collect the money owed (debits) prior to disbursing the credits to the redeeming entities. Restaurants are also able to track funded and unfunded entities and track the status of ACH accounts and credit memo accounts.
In all, Paytronix provides complete money movement services with the flexibility to accommodate your specific money movement requirements.