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As we have done several Pay by Account projects, I would like to share some information on what is the best way to implement such a solution.  Pay by Account or - in other words - mobile NFC payments directly from a bank account is an important product develo...

Acceptance of eCommerce payments  When you are thinking of starting acceptance of eCommerce payments via cards or other payment methods, you should definitely consider a long term strategy and a multi-acquiring scenario. The starting point for any merchant, ...

Many merchants, especially in high risk area, face the problem of low approval rates. There are situations where 20-40% of transactions are declined. This is a real issue as it means a concrete loss of sales opportunity. In this article we will explain how it ...

In the digital age, where online shopping has become everyday life for millions of consumers around the world, eCommerce payments play a key role in shaping the shopping experience. Convenience and security are factors that influence purchasing decisions, and ...

There is a new payment scenario appearing in the eCommerce landscape – payments directly from a wallet account. Let me describe this use case in this article.  Let’s imagine you are a merchant or a marketplace where multiple users are using cards or various l...

Sometimes our customers ask questions connected with tokenization of eCommerce transactions. Let me focus on this topic below.  There are multiple meanings of tokenization in case of eCommerce payments.  Payment Scheme Tokenization  I think that nowadays te...

Verestro's Know Your Business (KYB) is a comprehensive, end-to-end solution for the digital identification and verification of business entities. Unlike standard API services, KYB is delivered as a ready-to-use ecosystem of tools (including forms and managemen...

What is Fast Refund? Fast Refund is a service that enables merchants to initiate refunds to Mastercard cards, processed via the Mastercard Send infrastructure. This mechanism allows funds to appear in the customer's account almost instantly—typically within 3...

What is Gambling Payout? A payout is a Push-type transaction. It enables merchants to transfer funds directly from their balance to the recipient’s selected payment instrument. If the recipient’s payment instrument is a card, it must be a Mastercard. Payouts ...

This document provides a high-level description of the functionalities offered by the KYB Platform. The tool enables you to conduct a comprehensive verification process- from data collection to risk assessment and final approval. The document is divided into s...

Registration This module handles the full process of entering entity data into the system: Filling out the form: The company representative independently entering registration data, information about representatives and UBOs, and attaching required docum...

Click to Pay is a universal online checkout standard developed jointly by the four major global payment networks — Visa, Mastercard, American Express, and Discover — under the governance of EMVCo. Since it's launch, it has been adopted by thousands of merchant...

What Enrollment Creates Enrolling a card into Click to Pay creates two linked artefacts within the TSP's SRC System: •        A Consumer Profile (SRC Profile): Tied to the cardholder's verified identity (email address and/or phone number). A single consumer ...

Trusted Identity is a signed JWS token (in JWT format) that the Partner/Tenant backend passes to the Verestro backend to authenticate the request and initiate an end-user session. The token is verified cryptographically (signature + certificate chain in x5c) a...

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...

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...

Payout to Card lets you and your users send funds directly from balance to a recipient via a simple payment link — no need to know their card details. Just share the link through SMS or messengers like WhatsApp or Telegram. The recipient opens the link, enters...