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One of our important products is Business Control. You can find more information about this solution under the following link -  Business Control Our customers are asking us from time to time if it is possible to use Business Control for the existing portfoli...

Our Business Control platform provides the opportunity to issue virtual cards and manage business expenses. But in fact it can be used in multiple ways for companies. Here are a few examples of such use cases: Business payment card - your employee going for...

In today's competitive financial landscape, cashback has emerged as a game-changing strategy for businesses looking to attract and retain customers. But what exactly is cashback, and why should your company consider implementing it? Let's dive into the world o...

The most important reason why you should use the Verestro Tokenization and Contactless Payment Solutions  There are many reasons why to use Tokenization and Contactless Payment solutions provided by Verestro but one of them is definitely the most important. W...

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...

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...

In this document we describe how payment schemes (Mastercard and VISA) work. Payment card business is a large global market, which was developed in the USA in the first half of XX century and has grown globally. In this document we will describe the main busi...

How to choose a BIN sponsor and card issuing partner? Choosing a BIN sponsor or card issuer is a difficult decision for many partners. Most of our partners do not come from the payment card business, so they learn by doing. In this chapter, we are going to de...

Legal issues related to regulatory or payment scheme rules often arise in questions we receive from our partners and clients. In this article I would like to summarize key dependencies, limitations and rules that have a very important impact on payment account...

Very often customers ask questions connected with security. In this article we would like to summarize key requirements connected with Payment Card Industry Data Security Standards (PCI DSS). There are other rules that we and our partners need to follow (like ...

Multi-currency topic is an interesting and important concept of card issuing that usually requires some explanation. Because of the very big market of currency conversion and usually very high fees of universal banks connected with international transactions, ...

Do you want to issue cards to your users? In this article we describe what is required on your side to implement virtual or plastic cards in your applications.  Let's imagine you are a fintech, crypto wallet, lendtech or any other company with a concrete targ...

Once launching card issuing projects, our customers usually forget that it is a long-term activity that requires constant verification and improvements. It is very important that you understand and manage your card holders and use best practices in card lifecy...

Sometimes our customers ask if it is better to issue VISA or Mastercard cards. In this article we would like to answer this question.  Main payment schemes There are two main payment schemes in the card area that have almost monopolized global card business ...

Before launching a card issuing program, our customers consider which card product to use. In this article we will summarize the key differences and considerations.  There are three main groups of payment cards: pre-paid, debit and credit cards. Below we summ...

So you have a good business case for issuing cards for your customers and you found a perfect vendor who can provide formal and technical services in this area. Right after signing the contract you’re ready to implement. What now? Now it’s time to make sure t...

Our customers usually ask if it makes sense to issue cards on a separate BIN fully dedicated for a particular project or just use BIN range and share it with other partners. Let me focus on this topic in this short article.  BIN range There are not so many d...

Once you are starting a payment account and/or card issuing project you need to learn key definitions and relations between those various parameters. Balance ID - this is a real "account" in the Verestro system. This number is connected with User ID and means...

Verestro and its partners can issue cards in multiply currencies. Depending on the currency it is easier or more difficult but it is possible to issue cards in multiply currencies. Let me explain how to do it in this article.  Firstly, let's discuss that to i...

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...