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Contis, today launches its Buffer Account, an innovative new configuration of our award-winning platform that enables customer transactions to be authorised and settled from a secondary account when existing funds are insufficient.
The buffer account is set to reshape the provisioning of loans by giving clients the ability to offer approved credit facilities to settle a customer’s transactions when funds in their account are insufficient. For example, if an account holder wants to spend £200, but only has £100 in their account, Contis’ platform will seek funds from the loan provider in real-time to allow the transaction to occur.
Read more here.