MTrac is a part of the QuickCard / GreenBox POS family. The MTrac mobile app, or consumer wallet, is a new way to use, interact and pay without Money. Once the app is installed, consumers can load funds with a credit card or at an MTrac kiosk where cash can be loaded onto the wallet. Funds loaded onto the wallet are available immediately for purchases at any location where MTac is accepted as a form of payment.
The consumer wallet includes an easy to use interface where consumers can purchase good and services by creating a QR code, a key, in specific amounts. Consumers can also build the ‘friends’ library to send or request digital funds from their contacts. A record of all transactions is stored in the consumers’ wallet.
The consumer can create eCheck, pre-paid and virtual gift cards to use the funds for purchases outside of the MTrac ecosystem.