Monneo Launches New Card Acquiring Service

Share this post

Virtual IBAN and corporate account provider, Monneo, is excited to announce the launch of its new card acquiring service. The development allows the company to offer a full payment ecosystem to its customers and represents a true end-to-end solution.

Monneo can now offer online merchants the same flexibility on card processing that it already provides through its leading digital banking service. With the company’s enhanced solution, customers get access to a PCI DSS Level 1 compliant gateway connected to several acquirers across Europe. In turn, online merchants have the freedom to choose where they process their transactions.

The upgraded service has been made possible through new partnership agreements with several major card acquiring banks in Europe. Whereas many alternative systems focus solely on providing either an ‘Open Banking’ or card acquiring service, Monneo’s solution now brings both tasks under one roof.

Built with risk mitigation in mind, the innovative platform is connected to multiple banks and card processing services. As such, merchants always have access to multiple channels and a dedicated back up for their card processing and banking operations should an issue occur.

The new launch forms part of Monneo’s overarching growth plans and will enable the company to continue scaling up operations in the near future. To support this rapid progression, Monneo is also delighted to announce the opening of a new office space in Sofia. The Bulgarian capital is one of Europe’s foremost FinTech hubs and provides a perfect fit for the company’s exciting expansion into card acquisitions.

Speaking on the development, Lili Metodieva, Managing Director at Monneo commented: “Today’s announcement has been a long-term goal for Monneo and allows us to continue on our growth journey. By providing a full end-to-end solution, we are now one step closer to facilitating a new payment landscape where innovative ways of thinking and business models can succeed.

“Alongside the new launch, we’re thrilled to announce the opening of a new office space in Sofia, which will give us greater capacity to support card processing services through multiple acquirers. In recent years, the city has become a veritable FinTech hub, so it stood out as an obvious choice when considering our expansion plans.”

As a business, Monneo understands the realities and constraints imposed on the eCommerce sector and is committed to helping the industry overcome these challenges. Through its platform, the company is able to respond to the needs of eCommerce companies, giving them access to the bank accounts, virtual IBANs, and the acquiring channels they need, from leading banks they can trust.

In addition, the company, which is regulated by the Financial Conduct Authority, recently announced a new partnership with leading cryptocurrency exchange Coinbase, that will enable the payment of invoices in a range of digital currencies. Alongside today’s announcement, this development truly underlines the company’s forward-thinking approach to online digital banking.

For more information about Monneo and its new card acquiring service, please visit: https://www.monneo.com/

 

Article by Monneo

More To Explore

Membership

Are you a member of The Payments Association?

Member benefits include free tickets, discounts to more tickets, elevated brand visibility and more. Sign in to book tickets and find out more.

Welcome

Log in to access complimentary passes or discounts and access exclusive content as part of your membership. An auto-login link will be sent directly to your email.

Having trouble signing?

We use an auto-login link to ensure optimum security for your members hub. Simply enter your professional work e-mail address into the input area and you’ll receive a link to directly access your account.

First things first

Have you set up your Member account yet? If not, click here to do so.

Still not receiving your auto-login link?

Instead of using passwords, we e-mail you a link to log in to the site. This allows us to automatically verify you and apply member benefits based on your e-mail domain name.

Please click the button below which relates to the issue you’re having.

I didn't receive an e-mail

Tip: Check your spam

Sometimes our e-mails end up in spam. Make sure to check your spam folder for e-mails from The Payments Association

Tip: Check “other” tabs

Most modern e-mail clients now separate e-mails into different tabs. For example, Outlook has an “Other” tab, and Gmail has tabs for different types of e-mails, such as promotional.

Tip: Click the link within 60 minutes

For security reasons the link will expire after 60 minutes. Try submitting the login form again and wait a few seconds for the e-mail to arrive.

Tip: Only click once

The link will only work one time – once it’s been clicked, the link won’t log you in again. Instead, you’ll need to go back to the login screen and generate a new link.

Tip: Delete old login e-mails

Make sure you’re clicking the link on the most recent e-mail that’s been sent to you. We recommend deleting the e-mail once you’ve clicked the link.

Tip: Check your security policies

Some security systems will automatically click on links in e-mails to check for phishing, malware, viruses and other malicious threats. If these have been clicked, it won’t work when you try to click on the link.

Need to change your e-mail address?

For security reasons, e-mail address changes can only be complete by your Member Engagement Manager. Please contact the team directly for further help.

Still got a question?