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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 ...

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 ...

One of the limitations in global card issuing and account opening activities is connected with licenses and regulations for particular countries. Payment institutions have Mastercard or VISA licenses for particular countries as this is the way Mastercard and V...

How can I earn from card issuing? This is a common question that is asked by our customers. Let me explain the key financial areas connected with this business.  Indirect revenue or cost savings Usually, the main reason for issuing cards in different segment...

Calculating profits and losses in card issuing is not easy, especially when various card issuers offer different fee and revenue models. Below I would like to show a few examples.  Let's imagine we are a fintech wallet with 10.000 users and we would like to i...

During the implementation of card issuing projects with Verestro and our partner payment institutions, we receive questions about liquidity management and collateral in card issuing projects. Let me summarize and explain the key dependencies.  There are two i...

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 ...

Once you start issuing cards for your users, you will experience a wide range of various problems and requests coming from your customers. In this article we will summarize the most common issues, so that you can get prepared.  These include: Transactions ...

Once you are launching your card program it is important to think about additional benefits that you can deliver for your users or products that can increase the value of your program. In this article we will show a few ideas and examples that you can use to e...

Disclaimer. This article shows in some detail the topic of Interchange Fees. It is presented in the best way to make business decisions, but unfortunately this topic is very complex, so it does not cover 100% of information. If you need 100% of information, pl...

KYC (Know Your Customer) processes usually raise a lot of questions. In this article, I would like to summarize the most important decision points and requirements.  KYC regulations are directly connected with Anti-Money Laundering (AML), regulatory and somet...

From time to time, our customers ask us whether it is better to perform Know Your Customer activities in-house or to hire a company to do it for them. In this article we would like to answer this question. KYC activities are very important. On-boarding your c...

There are many ways of transferring money to payment accounts or cards. In this article we would like to explain how it can be done with Verestro and in other cases.  Let's start with definitions so that we speak the same language. What is a payment card? Wha...

In this article we would like to focus on IBAN, bank accounts delivery to your customers. This topic is raising a lot of questions and requires attention. Let's assume that you would like to offer IBANs for your customers. If you are a fintech provider, money...

How does Payout to Cards work? Payout to Cards is a relatively new area of payment business that is not very common, so this article brings more information about it.  What is Payout to Cards? Actually, the answer is simple. It is nothing more than a normal b...

There are many questions about how to manage currencies in payout products. Let me briefly describe several possible scenarios. Let's start with dependencies that have an impact on choosing various scenarios.  Sender's card account currency - first you have ...

There are multiple forms of money transfers. In this article we would like to summarize the most important pros and cons of every solution: SWIFT (Society for Worldwide Interbank Financial Telecommunication) - inter-banking payment scheme enabling global tran...

While thinking about card-based money transfer solutions, our partners usually ask for three products - payouts to cards, eCom transactions or card-to-card payments. In this article we will describe differences between those 3 ways of money transfers.  Let me...

What is it about? We often find ourselves in situations where we need to transfer money to someone else. We also want the funds to reach the recipient as quickly as possible and for the transfer fee to be as low as possible. Additionally, different countries ...

Verestro created the product Card to Card Widget to simplify and speed up cross-border money transfers by eliminating the barriers of traditional methods.  Transfers made using the Card to Card Widget can be carried out by users registered in our service to r...