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The Memento wallet infrastructure is now the underlying technology for a new type of corporate cards under the brand Kardio. The innovation lies in the fact that Kardio corporate cards are exclusively digital, and therefore managers can easily create an unlimited number of payment cards for their operations. In addition, the cards come with a customized spend and expense management system that simplifies spending control and automates bookkeeping. The payment cards are displayed in the Kardio app for employees, who can use the cards both online and in-store. Employees can also add the cards to their Apple/Google Pay wallets as needed. Kardio cards are VISA credit cards with worldwide acceptance and are issued in collaboration with Kvika Bank.
Memento has been a leader in developing user friendly mobile wallet solutions and a software platform for fast and secure digital payment cards. The company started operating in 2014, initially focusing on developing peer-to-peer payment systems and later by creating a front-end development environment and an orchestration layer for new banking apps. The company collaborated with Íslandsbanki, handling the technical implementation and operation of the Kass app, a widely used social payment service in Iceland. Furthermore, Memento set up the technology and service infrastructure for a banking service in the United States, Marygold&Co, which offers money transfers, savings accounts and investment instruments.
With Kardio, companies will have better control over their expenses while simplifying and automating the operation of payment cards, which has been a headache in the past. Companies can now create an unlimited number of corporate cards for their operations, whether it's a new card for a specific subscription service or a card for each expense category. It's easy to create new payment cards through self-service, set card limits, and distribute cards to employees within the company. All transactions, receipts and accounting codes are displayed in a user friendly dashboard, making settlement and bookkeeping as automated as possible.