eMoney

What is eMoney?
eMoney is electronic money, also referred to as e-money, electronic cash, electronic currency, digital money, digital cash or digital currency, anything where value is exchanged electronically.

sQuid payments with or without loyalty

A pre-paid account with cleared funds
sQuid is a pre-pay network where funds are pre-loaded on to a secure online account and then spent via the sQuid network using a contactless smart card, an online account or unique biometric identifier, enabling digital stored value to be securely transferred. Each sQuid account has a unique 16-digit security number that is linked to a specific eMoney account.

Accept online payments from customers with sQuid
sQuid online payments can be quickly and easily integrated into your web site using a set of straightforward APIs, allowing your customers to pay with sQuid online.

Pay with a contactless smart card
sQuid can be used to pay for those everyday items, such as your morning coffee, your favourite magazine and your lunchtime sandwich. Funds can be pre-loaded online on to the card and then used to pay for small value items.

Authenticating sQuid payments with a biometric ID
Payments can also be made using a pre-captured biometric identifier such as a finger print, associated to a sQuid account via a back office or EPOS system. This is a popular way for children to pay for school meals.

Integrated loyalty
sQuid's approach to an online account provides a one-account many-function approach. For example: payments, ID, access control, PAYG travel and loyalty. Our platform, your way. Click here for more on loyalty.

sQuid eMoney is a smarter way to pay
sQuid is a new kind of cash: smart cash. It can be used to pay for those everyday items, such as your morning coffee, your favourite magazine and your lunchtime sandwich. It saves you from fiddling with coins and helps you keep an eye on where your money is going.

An open or closed payments network

sQuid eMoney as an open network
This is where we make sQuid available in regional geographies, for use in retail, leisure centres, etc. sQuid can be used on a sQuidcard or added as an eMoney application to third party smart cards. To see a list of sQuid on different cards - click here.

sQuid can also be used as a closed network
sQuid can also be used in a 'closed' (or private) environment where its use can be controlled, for example as a closed cashless catering solution in a school or as payments and loyalty card for a retail outlet, such as Coffee Republic.

Hybrid scheme - closed and open purse
There is also the flexibility to have a closed and open purse on the one card. For example Bolton Council's BSmart card for 11 to 16 years has both a sQuid open eMoney purse and a closed BSmart purse, which can only be used at approved outlets that promote positive activities.

eMoney regulations

sQuidcard Limited is an issuer of eMoney
sQuidcard was originally issued with a Small eMoney issuers certificate by the FCA in November 2007 and as of April 2012 we are listed on the FCA register of Small eMoney Institutions and are authorised under the Electronic Money Regulations 2011 (EMRs) to issue eMoney.