First Performance Global and Japanese technology provider Intelligent Wave (IWI) have partnered to launch a cloud based solution, called Budgeting Control that will give credit card users real-time card control capabilities with a smartphone.
Under the partnership, banks served by IWI will be able to offer their customers First Performance’s card management solution that will provide cardholder various self-service capabilities, such as card control, fraud prevention, reward programs, card linked offerings, and messaging tools.
First Performance said that the partnership will enhance the system of deterring illegal transactions and early detection with real time card controls.
First Performance executive managing director John Festa said: "We at First Performance are thrilled to be working with IWI to provide our card control and messaging technology to the Japanese market. Together we enable banks and financial institutions with the world's leading cardholder driven fraud prevention technology.
“The strategic partnership between First Performance and IWI advances our card control and messaging technology service offering, backed by IWI's extensive card and payment technological reach. Together, we look forward to enhancing the card payments space within Japan.”
Intelligent Wave CEO Tsukasa Iseki said: "IWI has continuously delivered various system solution for financial industry including credit card transaction processing over the years.
"We believe our proven track record has leaded to this alliance with First Performance Corporation. We, IWI together with First Performance, commit to contribute greatly to the new age of card transaction processing in Japan.”