This has been the most challenging and rewarding solution that Foraux has undertaken. The requirement was to develop a fully integrated system that enabled gold to be used as a currency. The challenges were extensive as this was a world first, whereby Foraux integrated the gold held in bullion vaults with a debit card.
The development of the world's first true gold card is now a reality. Gold has become a currency again, thanks to the creativeness and knowldege of Foraux and clever use of technology. Using the gold card, we are able to ensure the wealth of our customers is in their hands and they can have access to it 24/7.
Foraux created a complete online banking system, e-wallet system and transaction engine to develop the core of this solution but the card integration required the development of a proprietary technology that enables external authorisations to the card companies.
The excitement of seeing gold once again used as a core store of wealth, and enabling it to be used for everyday purchases, is palpable. Foraux is proud to be an integral part of this endeavour and we feel this milestone will enhance the adoption of gold as a currency for all.
|Areas of Support||
Foreign Exchange Engine
Card Processing Engine
|Requirements||Enable customers to buy and sell gold via an online system and link the gold value to a debit card.|