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LOOP FINTECHMODERN FINANCIAL SOLUTIONSLoop Fintech

Learn About Our Wallet

Digital Wallet Technology for Connected Payments

A stored-value digital wallet lets customers hold a prepaid balance and spend it at participating merchants, with every movement recorded in a secure ledger.

Stored value, simplified

What a digital wallet can do

Wallet programs are designed around your business and its customers. Features and limits are set per program and subject to applicable rules.

Preloaded Digital Balances

Customers load value in advance for quick payments.

Customer Account Experience

A clear view of balance, activity, and settings.

Internal Transaction Ledger

Every load and purchase is recorded to the ledger.

Participating Merchant Payments

Spend at merchants within the defined network.

Balance Tracking

Balances update as transactions are recorded.

Transaction History

Customers can review past loads and purchases.

Secure Authentication

Sign-in and verification protect account access.

Program Flexibility

Configure the wallet to suit your brand and network.

How it works

How the Wallet Works

  1. 01

    Customer Creates an Account

    The customer signs up through the wallet experience.

  2. 02

    Identity and Eligibility Checks, Where Required

    Verification steps are completed based on program requirements.

  3. 03

    Customer Loads Funds Through Approved Methods

    Funds are added using payment methods the program supports.

  4. 04

    Available Balance Is Recorded

    The ledger records the load and updates the balance.

  5. 05

    Customer Makes an Eligible Purchase

    The balance is used at a participating merchant.

  6. 06

    Transaction Is Recorded and Receipt Is Provided

    The purchase is logged and the customer receives a receipt.

Security process

Safeguards built into the flow

Phone Verification

A one-time code can confirm the customer controls their phone number.

Authentication

Secure sign-in helps keep accounts accessible only to their owners.

Payment Method Verification

Funding sources can be verified before they're used to load funds.

Transaction Confirmation

Customers confirm payments before they are completed.

Receipt Delivery

Receipts are delivered for loads and purchases.

Risk Monitoring

Activity can be monitored for patterns that warrant review.

Explore a wallet program for your business

Tell us about your customers and merchant network to start the conversation.

Get Started Today