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FAQS

WHAT IS Pravici SaaS?

Pravici SaaS is a toolkit that includes a white-label SaaS Loyalty Engine and a set of API to access the system.  The system can be optionally underpinned by a distributed ledger that provides auditability and immutability to enable the real-time settlement of transactions.  The system has been pre-configured to support 3 main use-cases or product lines.​

WHY IS BLOCKCHAIN NEEDED?

A blockchain-based platform enables real-time settlement finality.  In addition, better transparency and complete traceability of transactions allows real-time reconciliation for all participants on the blockchain.  Note that the blockchain add-on is not required for many use-cases.

HOW DOES THE PRAVICI SAAS MAKE ONBOARDING PARTNERS EASIER?

Pravici offers simple click-through partnership flow requiring minimal integration and operational processes combined with Participant-friendly onboarding and self-administration capabilities.

HOW DOES Pravici TLP HELP LOYALTY MEMBERS?

Pravici TLP provides Real-time knowledge of where each loyalty point is, how it was earned, and how it has been redeemed as well as Real-time snapshots of program balances and liability. Also, member-friendly Mobile-App and Mobile-Wallet result in improved member experiences.  Pravici TLP allows an Issuer to provide many more options for the members to earn and burn points.  More options equals more satisfied Customer Loyalty Members.

HOW DOES PRAVICI TLP HELP WITH RECONCILIATION AND SETTLEMENT?

TLP's shared, immutable blockchain ledger solves the reconciliation problem: Partners no longer have to rely on the issuer, as they can independently participate and verify the data themselves.

HOW CAN PARTNERS USE THE CONSORTIUM DATA?

Real-time data sharing with the consortium enabling every partner to personalize member interactions. Marketing applications could access in real-time the types of transactions a customer has been participating in and send personalized offers based on location and interest.

DO THE PRAVICI PRODUCTS SUPPORT MULTIPLE POINT TYPES?

Yes, each Pravici SaaS product supports flexible multiple-point-type definition and setup. Additionally, you can define and enforce exchange rates between point-types and partners.  Each and every point type you define is secured using the same blockchain technology.

DOES PRAVCI SUPPORT NFTS?

Pravici TLP V4 (Beta) allows you to easily issue NFTs and setup a mechanism to convert Loyalty Points trade NFTs. NFT's within the coalition loyalty application powered by permissioned blockchains, the loyalty program operators can save costs and still provide exciting ways to engage with loyalty members. 

WHAT ABOUT SECURITY AND PRIVACY?

The Pravici SaaS supports member privacy:

 

  • Self-sovereign identity (SSI) enabled via decentralized identity (DID) Blockchain

  • GDPR and California Data Privacy (CCPA) compliant

  • Ability for issuer to disappear member data from blockchain as required by privacy regulations

CAN PRAVICI BE HOSTED ON PREMISE?

Pravici WPX can be used on premise in your choice of private cloud.  Pravici TLP and Pravici RNR are SaaS and are cloud-based only.

IS WPX CLOUD-AGNOSTIC?

Yes, we support all the major cloud platforms be it AWS, Oracle Cloud or Azure.

DOES PRAVICI OFFER ACCESS TO RETAIL PARTNERS?

Included in your subscription is access to the Pravici TLP Rewards Network.  Pravici has pre-negotiated with over 200 retailers giving your customer/member instant access to spend points while saving money on each purchase with Merchants in the network.

HOW CAN I REQUEST A DEMO?

Watch the Demo Videos or sign up for the Trial Version of the product for yourself.  For a live demo just use the Contact Us form.

HOW IS PRAVICI PRICING STRUCTURED?

Both TLP and RNR offer free versions that are useful and easy-to-setup.  Small programs can likely use the free version of these products without additional paid features.  Larger programs pay more in fees.

Free Product Components included in the subscription:

  • Issuer Admin Website

  • API Layer

  • Member Portal

Optional add-on modules (fees apply) include:

  • Collaboration Suite Integration

  • MobileApp for end-users

  • Blockchain Ledger

Click here to see the product pricing.

HOW IS THE PRODUCT LICENSED?

Pravici TLP and Pravici RNR are licensed through a monthly subscription. You can signup automatically online or have a Pravici sales associate contact you to help setup your account. Many customers are able to use the free version of the products to meet their program objectives.  Some customers choose to pay a small fee for additional features and enhancements that make sense for their use-case.

HOW IS PRAVICI'S PERMISSIONED BLOCKCHAIN BETTER THAN THE PERMISSION-LESS BLOCKCHAIN?

The Pravici WPX blockchain is built using a Hyperledger Fabric Blockchain. In many real-world use-cases, a permissioned or private blockchain is more suitable than a public one. With Pravici WPX, you can maintain your private blockchain consortium, and extend your assets to public blockchains as desired.

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