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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...

Once you are starting a payment account and/or card issuing project you need to learn key definitions and relations between those various parameters. Balance ID - this is a real "account" in the Verestro system. This number is connected with User ID and means...

Our Business Control platform provides the opportunity to issue virtual cards and manage business expenses. But in fact it can be used in multiple ways for companies. Here are a few examples of such use cases: Business payment card - your employee going for...

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 today's competitive financial landscape, cashback has emerged as a game-changing strategy for businesses looking to attract and retain customers. But what exactly is cashback, and why should your company consider implementing it? Let's dive into the world o...

Our clients often search for effective ways to scale their offerings. The obvious way to do this is to create their own product through the entire production process, from identifying the market and its trends, to building a prototype and implementing the syst...

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...

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 ...