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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...

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...

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 ...

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...

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...

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...

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...

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...

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...

There are multiple use cases where you can use virtual Mastercard payment cards. Let me explain how it works, how you can offer your users a loyalty program or another point-based program to make transactions at any merchant location.  Let's imagine you provi...

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...

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...

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...

This section provides guidelines for testing various payment methods supported in Paytool solution, including plain card number, google pay, apple pay, and BLIK on environment TEST. Tip: Check it now. Verestro Paytool demo application is available here. Plai...

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, ...

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...

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...

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...

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 ...