How It Works

This Program has three (3) participants; the first is a local government entity. Any local government that (a) has statutory authority to acquire and hold for-profit business enterprises or (b) has been granted a Home Rule charter in their State.

Second is the Business Owner. This participant becomes the source of revenue for the Municipal government in exchange for tax relief. The design is identical to a Municipality issuing a revenue bond (seeking funding) that secures investors (essentially individuals) who are seeking tax-free revenue.

The third and final participant is the Kubera. A provisional patent exists for this Program not because it engages new and never-before-used rules. Rather, it is because Kubera has envisioned and created an approach to these well-used rules that provides small and less affluent communities easier access to the federal government's funding options. At the same time, it extends participation to small business owners, strengthening them as they compete with national firms. In short, this is not a loop hole but a unique application of long-standing laws.

Implementation

Kubera will match potential merchants with a participating city or town already on the Meliora Program. A merchant need not be in the same state as the municipality. The Meliora whitepaper (above) spells out participation requirements for merchants. As an ISO, all you have to do is find merchants who want to cut their tax burden by more than 50%. Do you think a merchant will ever be swayed to process with anyone else but you?

Consumer-Controlled Commerce (CCC) is a patented process that removes the merchant from a transaction and allows the consumer to facilitate payments directly with their bank, removing all liability for the merchant and providing a more private and fraud-proof experience for the consumer.

Consumers

In a world where consumer privacy is almost non-existant, CCC places the control of the buying process back in the hands of the consumer as it once was when cash was king. Consumers are able to choose if they want to share personal information with a merchant. Before a transaction gets sent to a bank for payment, it first must receive approval by the consumer instead of discovering surprise charges after the fact.

Merchants

In exchange, merchants no longer have any liability in accepting card payments. They no longer have to store card data for reoccuring payments and don't have to worry about employees mis-handling coustomer card numbers. This means no more laborious PCI compliance.

Benefits

Besides privacy and security benefits, CCC provides both the consumer and the merchant with powerful tools to increase sales and provide unmatched convenience for consumers. Read more.