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Know Your Customer (KYC) processes usually generate many questions. Key requirements and decision points are summarized in this article. The KYC regulations are directly related to AML (Anti-Money Laundering), regulatory and payment scheme requirements. In ge...

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...

As we have implemented more than 50 contactless and tokenization projects for banks, fintechs and other payment institutions, let me share a quick view on key differences between various types of contactless payment technologies.  X-Pays If you are a card is...

What happened? As part of an agreement between the European Union and Apple, Apple has decided to open access to its NFC module to 3rd party developers. It allows the creation of solutions for contactless payments (HCE), an alternative to Apple Pay. This art...

Payment law in India required a few years ago that server based card-on-file systems are not allowed. Instead, there is a necessity to store user data on-device to perform transactions.  This is an interesting topic that impacted a lot of local players like b...

Android - Push Provisioning to Google Pay 1. Request Access Before enabling Push Provisioning in the Android application, you'll need to be whitelisted by Google. To initiate this process: Visit the Google Pay Push Provisioning launch page: https://deve...

In this article we will focus on the process of pushing card data to X-Pays (like Apple Pay or Google Pay) – a process called Push Provisioning.  In many innovative card issuing use cases it is important to launch tokenization of cards to enable better custom...

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...

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...

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...