Cave Shepherd & Co. Ltd launched its Cave Shepherd Card Mobile App last year and said plans are in the works to have a merchant-specific app within the next couple of weeks.
The announcement was made by Business Development Officer of Card Services Gail Welch and Business Support Officer, Card Services, Curtis Greaves. Welch told Barbados TODAY the card has thousands of current active members and there have been 14,000 downloads of their app thus far.
“The unique thing about the app is that it has two profiles. It is connected directly with the Cave Shepherd Card for our cardholders [and] we have the largest [membership] base on the island of 34,000 active cardholders,” she said.
Greaves further explained that the second profile would allow a regular cardholder to do basic account transitions as well as send and receive money via the Cave Shepherd Mobile App.
“As Gail mentioned, the app currently has two profiles. The regular cardholders’ profile allows you to check your account summary, balances, payment due dates any payments that were made during the cycle and available balance. The key feature we wanted to highlight was that you can move funds between account holders through the app as you have a send and receive feature,” Greaves said.
Greaves assured that the sharing of funds on the app is safe since there are numerous security features.
“If you are doing the transfer via QR code, then you need to decode the QR code. You have control over your QR code, so you show it to who you want to show it to. It is similar to the QR details. Because we are using the same security features mandated by all the card associations, they dictate that when there are transactions on your account, there needs to be an alert going to the owner of that account. These are standard security features which are mandated by the associations that we follow as well. So, all of these things we have implemented,” he said.
Greaves added that since they launched the app the uptake has been encouraging with 100 mobile partners registered so far.
“Month by month, as we are adding more cardholders to the app, we are seeing transactions going up as well,” he said.
Welch said Cave Shepherd and Co. Ltd realized the challenges some of the small business owners could have with the cashless app so the company decided to give two small businesses a cash injection of $2,500.
The company’s business development officer said this year the app has become popular with Crop Over bands who are going to use it on the road as they participate in Grand Kadooment.
To sign up to be a mobile partner for the Cave Shepherd Mobile Card App visit www.caveshepherd.com and check on VISA card located on the right side in orange. Click on Mobile Partners and upload all the required documents. There is an applicable transfer fee of BBD $15 and a transaction fee of 1.75 per cent on each transaction.
Welch and Greaves also invited persons to download the Cave Shepherd Mobile Card App which is available on both the Apple and Google Play stores. (LG)