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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...

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...

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, ...

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...

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...

The KYC Administration Panel  is the essential tool for you to work with your online application. Here you can manage Know Your Customer applications. The presented solution is prepared for rebranding for the client's brand. The document is divided into sectio...

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...

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...

Our mission at Verestro is to provide cutting-edge fintech technologies and make them affordable to everyone. We work with banks, fintech providers, payment schemes, payment gateways, merchants, corporations and small businesses and develop a BAAS / FAAS platf...

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...

In this article I would like to explain why it is beneficial to leverage the Verestro Fintech-as-a-Service Platform. Keeping pace in the fintech landscape Let's start with a description of the problem. Today's financial and payment technology world is a comp...

Each time we approach our customers, we are asked what advantages over the competitors our solution brings. In this article I would like to describe a couple of points which differentiate us among this pot of financial technologies vendors.  Advantages of the...

Cashback is a payment card benefit that refunds the cardholder a small percentage of the amount spent on a particular purchase. It is an effective way to incentivize spending and reward customers for their loyalty. Purpose of the documentation This documenta...

Cashback is a financial incentive where cardholders receive a percentage of the money they spend back as a reward. This refund is typically credited to their account or card balance. How cashback works? When a cardholder makes a purchase using their payment ...

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...

Below simplified example of Verestro platform architecture. Before every project please decide which functionalities are you going to use.  Please tick bullet points which are needed in your project and deliver it to our sales team: INTERFACE White-...

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 ...

There are various important trends that are impacting the financial technology market at the moment. We try to focus on several of them to stay competitive and propose services which improve user satisfaction, conversion and bring more revenues to our partners...