Our latest insights

Monneo

One platform, multiple banks

Monneo connects merchants to multiple bank accounts through a single interface. Ecommerce merchants can gain access to virtual IBANs and digital banking services from multiple European and international banks. We offer our services directly to online merchants and through a network of referral partners such as ISOs, PSPs and acquirers.

Monneo unlocks choice for merchants and allows them to obtain trustworthy virtual IBANs from well-established banks with different payment options including:

  • SWIFT multi-currency for international payments
  • SPayments Association Euro within the Euro zone
  • GBP Faster Payments and CHAPS in the UK
  • FX Payments

The Monneo solution consists of a combination of virtual IBANs and card issuing.

With Monneo merchants can apply for multiple virtual IBANs provided by a network of leading European and international banks and issued in their company name. Every virtual IBAN is linked to a Monneo safeguarding bank account so client’s funds are safe and secure.

Card issuing allows merchants to apply for a corporate Visa debit card(s) through the Monneo platform. Monneo Visa card(s) are linked to the total balance of all IBANs a merchant has across all banks within Monneo’s network.

With our services, online merchants can receive settlement funds from their acquirers and PSPs  and send transfers out in 130+ currencies to their suppliers, affiliates and vendors internationally. Monneo allows merchants to monitor and control access to their reporting with a single log-in, even when their accounts are provided by multiple banks.

Get in touch to learn more about how Monneo can help you to improve how to serve your eCommerce business.

Articles

Monneo enlists Coinbase to allow invoices to be paid in crypto 

Monneo, regulated by the Financial Conduct Authority (FCA), a virtual IBAN and corporate account provider, has enlisted cryptocurrency exchange Coinbase, in a move that will enable payment of invoices in a range of cryptocurrencies. The new service will be available for B2B invoice settlement and is supported by two of Monneo’s partner banks.

Digital Banking Provider Monneo Unveils New Branding As Firm Enters Era of Expansion

Monneo, virtual IBAN and eCommerce bank account provider, has unveiled an innovative new look logo and website design this week, as the brand expands across Europe and beyond.

How Virtual IBANs Enhance the Growth of B2B Cross-Border E-commerce Businesses

One of the more vexing problems of the modern age when it comes to international business is that regulatory regimes often do not keep pace with technological innovation. Nonetheless, novel solutions to B2B cross-border business have emerged in the form of virtual IBANs, financial instruments that drive the innovation economy and enable new, powerful business models. Here we have outlined three ways that virtual IBANs are transforming the way companies do business locally and abroad:

KYC Done Right Means Competitiveness and Business Growth

When it comes to digital banking and compliance, robust KYC practices not only prevent fraud and financial losses but also strengthen a firm’s ability to conduct business with confidence. This is typically because of the four key elements of strong KYC practices that make sure firms know who they’re doing business with and what to expect from that relationship. We’ve identified the four essential elements of effective compliance in KYC practices for digital banking in order to show you how they help improve the competitiveness of businesses of any size or scale:

Driving Forces and Technology Trends Behind Fintech Innovations in 2021

The year 2020 saw many of the innovations and prognostications of analysts come true as contactless payments and digital banking solutions drove the field of Fintech innovations. Looking ahead, however, 2021 could be the year that consolidates much of this growth and prepares the economy for the next stage of digitization. We at Monneo have identified five major trends that we think are driving the Fintech innovations in digital banking, in 2021 and beyond:

The New Era of Custom Business Payment Solutions and the Impact on Digital Banking Services

The digital banking era is upending traditional payment solutions and transforming the global financial industry in the process. And this is on both the corporate and consumer level with changes in payments solutions reaching into every facet of the international economy. These innovations in digital banking are not only enabling increased efficiencies and expediting capital flows at a rate previously unthinkable but also are leading the way in changing the dynamic and level of depth of the business-customer relationship.

Whitepapers

No whitepapers are currently available for this member.

Login or Register

Don't have an account?

Are you part of the Payments Association community?

Not yet set up your login for the Payments Association Community Platform? Set it up now

Set up a free account for instant access to our content

You don’t need to be an Payments Association member to view the majority of our content. Simply enter your details below once to set up your login details and get access to our library of whitepapers, podcasts, consultation papers, webinars and more.

First Name*
Last Name*
Company Name*
Job Title*
Username*
Business Email Address*
Password*
Confirm Password*
Agreement*
The Payments Association exist to help drive the industry forward. As such the Payments Association may contact you about any future content or events that we think you may have a legitimate interest in. We will store your information securely and will never share your details with third parties other than the relevant resource(s) sponsor(s)/curator(s). You may opt out at any time. By clicking register you are agreeing to the terms of our Privacy Policy.

← back