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What steps should be taken to start a card issuing project with Verestro outside the European Economic Area? At Verestro, we are focused on simplifying global fintech space by building a multifunctional,  multi-BIN-sponsor, multi-processor, multi-acquiring, m...

Tokenization in Payments – How It Is Transforming Transactions Tokenization has played a crucial role in contactless payments for years, evolving into a broad concept covering various technologies. Initially, it relied on hardware-based solutions like chips o...

The Administration Panel (or the admin panel/portal for short) is the essential tool for you to work with your online application. Here you can manage customers, their cards, IBANs, devices and track history of payments. The presented solution is prepared for ...

The topic of settlements of cross-border card transactions is often touched by our customers. It is not always clear how various fees are calculated. In this article we would like to explain how it works in detail. The standard transaction flow In general, a...

Recently we have been asked the question: “What are the options for a merchant or cafeteria to launch a card program based on prepaid cards (such as lunch cards and gift cards) that doesn't require a KYC process?” There are a lot of misleading pieces of data ...

1. Overview This document outlines the connectivity and security mechanisms used by the Token Management Platform (TMP) for secure communication between external Issuer systems and TMP backend services. TMP uses X.509 mutual authentication and JWE (JSON Web E...

Info: Remember that this is a sandbox version. This means that the transaction is a test. No fees will be charged for executing payment. The required steps for setting up a Paytool sandbox in your application 1. Call Paytool API by executing transact...

The Transaction History Core (THC) service enables seamless access to a user's transaction history performed across Verestro-powered products. By connecting to the server via a REST API, you can retrieve well-structured data representing end-user financial op...

When launching a new card program, you must decide whether to do it yourself or hire a BIN sponsor or processor and outsource the program to an external entity. This article will address this question, arguing that flexibility and speed-to-market are the most ...

In today's rapidly evolving digital landscape, online card-not-present (CNP) fraud remains a persistent challenge for financial institutions and merchants alike. 3D Secure (3DS), particularly its modern iteration, EMV 3-D Secure (3DS 2.x), stands as the indust...

Supported Smartwatch Models Which smartwatches are supported? The following models are supported: Huawei Watch Ultimate Green All models of Huawei Watch 5 All models of Huawei Watch GT5 and GT5 Pro All models of Huawei Fit4 and Fit4 Pro Verestro Com...

External API This chapter provides technical information about the methods created for External application. @swagger="https://paytool-api.verestro.com/doc/external.yaml"

In this article we will focus on the three main business models of cooperation in card issuing programs: co-brand, affiliate license and principal membership. We will explain the key advantages and disadvantages of each model.  Co-brand The easiest model of ...

If you are a digital goods seller inside the European Union with an iOS application and would like to offer payment methods other than Apple Pay in your application, you can read here how to do so. You can also save up to 18,5% on payment commission on each tr...

The following information applies only to the sale of digital content (np. subskrypcje).The sale of physical goods is not subject to Apple commissions. Tip: If you sell physical goods, such as clothing, you may use external payment service providers without h...

In this section, you will find information on how to obtain Apple’s approval to use the Link-Out Option (LOO) in your iOS application. All steps are listed in the order you should follow. ✅ 1. Make sure your app qualifies for LOO You sell only digital co...

This chapter is intended to present you the requirements that will allow you to use the Payout to Card solution in your Company. We have presented here what information is necessary to provide so that you can join the Payout to Card program and so that we can ...

Shared authorization The Shared Autorization API is a tool that gives our Clients control over the transaction authorization process. Through this API, a Client can make the authorization decision based on their own business rules, even when end users' funds ...

The tool dedicated to performing KYB verification consists of Administration Panel, KYB Form, and Customer Panel.  Registration process Step 1: User provides his contact data (name, surname, email address and phone number).  After step 1, user receives em...