Euronet launches prepaid card issuing, processing and BIN sponsorship solutions

Euronet

Prepaid card solution

Euronet 360 Finance Ltd., a subsidiary of Euronet Worldwide, has announced the launch of end-to-end prepaid card issuing, processing and BIN sponsorship solutions in Europe.

Under the supervision of the UK’s Financial Conduct Authority (FCA), is now providing both electronic money and payment services through card issuing, BIN sponsorship and payment card acquiring. By passporting the e-money license across the Single Euro Payments Area (SEPA) territory (except Monaco), Euronet 360 Finance Ltd. is able to issue cards and process transactions across the entire European Economic Area (EEA).

Standard features of Euronet’s prepaid card solution include the support of physical and virtual cards, for one-time, gift card or reloadable use. Contactless functionality is also supported by MasterCard Paypass, allowing low value transactions to be performed on appropriate devices without the need to insert a card or PIN into a terminal. With prepaid card solutions live or under implementation in 10 European markets, Euronet 360Finance Ltd. understands the underlying needs of each individual EEA market and is at the forefront of developing relevant and profitable features to meet customer needs.

“Euronet’s processing pedigree, combined with our extensive capability and geographic footprint provides our customers and prospects with an opportunity to offer solutions to their clients without any material up-front expenditures, ensuring their ability to protect, grow and evolve their business and market share with speed and security,” added Nikos Fountas, Executive Vice President and Managing Director, Euronet Europe EFT Division.

Related reading

new york barclays
company card killer Pleo
Cheque
boom

Leave a comment