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