Cards

A Card is a digital payment instrument issued by the CleverCards Platform that enables cardholders to access and spend funds stored in a Card Account. Cards are issued as digital-first Mastercards and are designed for seamless integration into mobile and online payment experiences.

Each CleverCards-issued Card includes standard card attributes such as:

• Primary Account Number (PAN) – the card number
• Expiry Date – formatted as MM/YY
• CVV – the card verification value for secure transactions
• Cardholder Name – typically the recipient of the funds

Cards are linked to a corresponding Card Account, which holds either a balance (in the case of prepaid cards) or a spending limit (for debit card programs). The card draws directly from the associated Card Account when making transactions.

Digital-First and Wallet-Ready

CleverCards issues digital-first cards, which are immediately available for use upon activation—without the need for a physical card.

Digital Cards can be used for:

• Online transactions (e.g. e-commerce purchases)
• In-store payments via digital wallets on supported mobile devices

The CleverCards Platform supports card tokenization, allowing cardholders to securely add their card to leading digital wallets, including:

• Apple Pay
• Google Pay
• Samsung Pay
• Fitbit Pay
• Garmin Pay

This enables secure, contactless payments at physical points of sale using smartphones, smartwatches, and other NFC-enabled devices.

Note: Tokenized cards replace the actual card number with a unique device-specific token, enhancing security for mobile payments.