Collecting funds from pre-paid card consumers and corporate customers is made easy by allocating a multiple currency virtual IBAN to the loading party. This allows issuers and Programme Managers to easily reconcile funds coming in and provide real-time credit confirmation to their end consumers.

Virtual IBAN accounts through Banking Circle:

  • Easy and quick account setup across currencies
  • Available in 24 currencies
  • Can be accessed and utilised through the Banking Circle web platform or via the Banking Circle API
  • FX capability to enable conversions and payments to card schemes
  • One IBAN across 24 currencies, enabling easy account detail management for end pre-paid card loader
  • Reporting capability allows full visibility and reconciliation
  • Local settlement and payout capability

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