AUGUST 2013
H
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works with mobile phones or terminals. By be-
ing able to adapt to customers’ various devices
or demands --- from sophisticated Smartphone
types in Canada to more basic cell phones in
countries such as Nigeria -- VendTek can solve
just about any issue or concern in its field.
Doing business in many different countries
spanning various continents does not come
without its challenges. However, Chevallier
notes that, comparatively, there are few indus-
try challenges and that VendTek has become
quite skilled at managing its portfolios.
“The most talked about risk is fraud,” says
Chevallier. He notes that there have been a
few high profile cases of international fraud
where people get a hold of prepaid card num-
bers. However, VendTek is able to mitigate
such challenges by continuously updating their
systems, which identifies suspect transactions
and catches fraudulent ones.
Chevallier also points out that the legal land-
scape is constantly changing in different coun-
tries. “New elements are always coming up
regarding fees, security and tracking of trans-
actions. For example, the US and Canada have
a very stringent KYC
-- know your customers legislation, to avoid
money laundering and fraud.”
Whether you are in Canada, Brazil, or the Unit-
ed Arab Emirates, VendTek has your prepaid
and postpaid needs covered. By consistently
meeting the needs of customers in diverse
markets, VendTek’s presence continues to
evolve, integrating technology and delivering
innovative solutions. As the world evolves, so
does VendTek.
