Offering Visa and
Through our BIN Sponsorship we can help you bring Visa and Mastercard payment cards to your business quickly and conveniently. Direct scheme membership can be costly, complex and time consuming. We empower you to manage your own programs, such as eWallet accounts and prepaid cards or debit cards, without the need for an individual e-money licence or direct scheme membership.
Shorten the time to market for your own payment cards or wallets
Let us handle all the red tape, while you look after your customers
A full suite of payment services, all under one roof
What is Paynetics’ role
as a BIN Sponsor?
We work closely with our partners to design and implement card programs that exactly match the needs of their clients.
Our role is to:
- provide access to the Visa and Mastercard networks
- ensure regulatory compliance with all existing payment regulations within the EU and UK
- submit and get approval of the card programs through the Visa and Mastercard network
- provide the necessary reporting to the card schemes
- establish and manage cardholder funding account. As an e-money institution, Paynetics holds all client funds in special accounts, which are segregated and safeguarded. This provides a higher level of security than holding funds in a regular bank account
- lead or coordinate the integration with the processor
- ensure clearing and settlement of funds
- manage risk and develop transaction and client monitoring guidelines
- ensure KYC of cardholders is in line with existing AML requirements
- perform program control and audit
Paynetics fulfils all of the above duties so that our partners are able to focus on what matters to them – their clients. This is how we empower our partners to provide superior customer service to their clients, time and time again.
Let us take care of
payments for you
We have at our disposal an extensive product set, which we make available to our program managers.
Enjoy powerful integrated services and a frictionless experience from one single source:
- Omnichannel acquiring – flexible solutions, efficient on-boarding, easy-to-integrate APIs – find out more about Card Acquiring here
- eWallet solutions – our white label wallets offer a seamless experience and are packed with features. find out more about eWallet here
- Payment tokenisation – allows you to bring payments to the mobile phone and help reduce fraud
Digitalisation and globalisation are changing the market. We are here to support you as you face the challenges that these pose, and make the most out of the opportunities that they create.