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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...

Our customers usually ask if it makes sense to issue cards on a separate BIN fully dedicated for a particular project or just use BIN range and share it with other partners. Let me focus on this topic in this short article.  BIN range There are not so many d...

If you are a fintech provider, there is one single risk of choosing a BAAS partner - long-term dependence on a regulatory license of the partner. We will focus on this topic in this article and explain how Verestro's proposal differs from all other BAAS provid...

This article summarizes programming languages & technologies we're utilizing to build our mobile solutions. Why should I care? If you want to use Verestro's SDKs in your mobile apps or you are interested in our Whitelabel Mobile Application, with intention o...

Integration with web page One possible development direction for the Verestro Whitelabel Application is to expand the set of functionalities by embedding webviews. There are no restrictions on the side of Verestro technology to embed a web page in a mobile ap...

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...

The Payout to card and xPay product was created to allow you and your users to send funds from existing balance to the chosen recipient in the form of payment link. The sender does not need to know the recipient's card data. After initiating the transfer, send...