Instacard uses our patented Dual Transaction Service (DTS) to give existing debit cards a virtual credit card. Pre-approved customers spend their credit limit with the debit cards they already carry.
Unified Financial Operating System for Banks
Dual Access, Instantly Credit-Enabled
DTS lets you offer pre-approved customers credit on their debit card through a virtual card, in your Standalone App or through the UNIFOS Super SDK. No new physical card required.
Instacard issues the virtual credit card in seconds, with a limit from your own credit rules.
Customers choose “Credit” as the account type at an ATM or POS that offers it to spend their credit limit, routed through you as the issuer.
Customers use the virtual credit card in your app to pay online, secured by a dynamic CVV.
Whichever card network the debit card runs on, DTS processes the payments customers make with the “Credit” account type against the available limit on their virtual credit card.
Credit and Debit on One Card, Patented
Instant virtual credit card issuance
DTS lets existing debit cards spend on the issued virtual credit card
The virtual credit card in your app for online payments, with a dynamic CVV
Credit card statement and card control settings for transaction limits
PAN remapping links a newly issued debit card to the existing credit card
Repayments requested by customers in the app
Collection of due and delinquent amounts, with the customer’s consent
Dynamic limit management
How DTS works
One Credit Line, the Cards They Already Have
- 01
Issue in seconds
The customer accepts a pre-approved limit in the app. Instacard issues the virtual credit card at once.
- 02
Map the debit cards
DTS links the customer’s existing debit cards to the new credit line. With the Super SDK, IMS, our Institution Management System on your premises, fetches them from your core.
- 03
Pay anywhere
The customer selects “Credit” at a POS or ATM that offers it, or pays online with the virtual card, then repays in the app.
DTS Compared With a Traditional Credit Card
Traditional credit cardWith DTS
Time to first purchase
Traditional credit cardDays to weeks, while the card is printed and delivered
With DTSSeconds, because the virtual card is live at once
Card in the wallet
Traditional credit cardOne more card to receive, activate and carry
With DTSNo extra card: the debit card they already hold now spends on credit too
Credit income
Traditional credit cardStarts once the card arrives and is activated
With DTSStarts on day one, with the first purchase
For the bank: each customer’s credit card live in seconds, on the cards your customers already hold.
DTS – Advantages for Issuers
01
Instantly issue and activate virtual credit cards for pre-approved customers, with no new sales channels required.
02
No wait for a physical credit card: customers can spend seconds after approval.
03
Engage a large base of creditworthy debit card users through pre-approved, instant digital card activation.
04
Boost revenue by building a credit card portfolio from your debit base.
05
Limits, grace and terms follow your rules, set per programme on the Partner portal.
06
Repayments and collections run through IMS on your core, or on BALANCE in your Standalone App.
Credit terms
Your Terms, Set Your Way
Every figure is yours. Your team sets the limit rules, interest rate, interest-free days, cycle date and fees for each programme on the Partner portal, under maker-checker. The customer sees them in the app, ticks one box to link their debit cards and applies.
Pre-approved limit
Worked out from your own credit rules and shown before the customer applies.
Grace from the first cycle
Interest-free from purchase to due date. You decide the interest-free days and the cycle date per programme.
No fee upfront
The card fee is added to the statement, never taken before the card is issued.
Statements and repayment
The customer pays in full or the minimum from their account, in the app.
Collections with consent
Overdue balances are collected from the customer’s accounts with their consent.
Set on the Partner portal
Each programme’s terms are configured by your team and accepted by the customer in the app before the card is issued.
DTS – Advantages for Customers
01
Your virtual credit card, issued and activated instantly and pre-approved by your bank.
02
Skip the paperwork: no forms or documents required for credit evaluation.
03
No need to visit a branch. Get the credit card and activate it instantly, right from your phone.
04
Make local payments with your virtual credit card through your existing debit card.
05
Make online purchases with the virtual credit card and its dynamic CVV. One card, dual purpose: use your debit card as a credit card.
06
Statements, limits and repayments in the app, in 15 languages.
Partner portal
DTS Runs Like Any Card Programme, Under Your Rules
The virtual credit card behind DTS is a programme your team sets up on the Partner portal: limits, grace and fees included.
Limits and eligibility
Pre-approved limits worked out from your own credit rules.
Grace and fees
Interest-free days, cycle date and a fee plan, set by you per programme.
Repayments and collections
Statements, repayments and overdue collections tracked per card.
Maker-checker and portal PIN
Every change to a programme needs a second approval, and each request is signed with the UNIFOS portal PIN.
Your Brand, Your Rules
Your colours, font and logo on every screen, set on the Partner portal with a live preview.
Every change to a card programme goes through maker-checker and is signed with the UNIFOS portal PIN before it is live.
Online, the PIN is the first factor and the Verifyed soft token the second. In store, the card and its PIN.
Explore Other Products
- BALANCE · Digital Banking
- Digital and business accounts
- Credit card and prepaid card accounts
- Loan accounts
- Reward points and redemption accounts
- ScanPay · Pay by QR
- Any merchant’s interoperable QR, any bank
- Static and dynamic QR codes
- Instacard, BALANCE account or another bank’s card
- Checkout on merchant sites
- Accepto · Merchant Acceptance
- SoftPOS for contactless payments
- POS terminals
- Payment links and online checkout
- Digital business accounts for settlement
- Instacard · Virtual & Universal Cards
- Virtual and physical card issuance
- Debit, credit, prepaid and gift cards
- Universal card
- Dynamic CVV for online payments
- Contactless payments with virtual cards
- Ace · AI Credit Exchange
- Three-way underwriting with an AI Checker
- Loan and credit card origination
- Portfolio management
- Collections and repayments
- Fundu · Agency Banking
- Cash deposits and withdrawals
- Bills, airtime and data
- Universal card pick-up
- Verified agents only
- BVN and NIN Checks
- Active and Passive Liveness
- Face Match
- ID Reading
- Location and Address Proof
- Soft Token with 30-Second Codes
- Guida · In-App Assistant
- Understands requests in multiple languages
- Guides customers through every product
- Tickets for disputes, tracked to resolution
- Rewa · Loyalty Management
- Customised reward programmes
- Reward points and redemption accounts
- Points, cashback and tiers
Frequently Asked Questions
DTS is our patented Dual Transaction Service, part of Instacard. It links a virtual credit card to the customer’s existing debit cards; when the customer selects “Credit” at a POS or ATM that offers it, the payment is processed on the pre-approved credit limit.
Launch the Future First
Launching a digital bank? Adding products to your app? Get your own mobile bank in your brand, or the UNIFOS Super SDK inside your app. Tomorrow’s banking, live today. Launch in weeks, on a revenue share.