Solo - The bank proposition

For card issuers, Solo delivers the benefits of safe, modern electronic banking at low cost. It allow issuers to improve their level of customer service in personal banking by providing a simple and convenient way to pay.

The high degree of fraud control built into the system ensures that Solo is a safe card to administer.

The development of Solo allowed acquirers (banks that sign-up retailers to accept cards) to enhance the scope of electronic payment services they offer their merchants. Acquirers also benefitted from an all-electronic system which not only contains fraud but also reduces the costs of paper and cash handling.