--- title: Enabling prepaid innovation with Open Payments Cloud description: CashFlows today announced it will help to break down barriers to payment innovation by offering BIN sponsorship services through the ground-breaking Open Payments Cloud (OPC). image: https://www.cashflows.com/hubfs/Cashflows_February2021/Images/pr-2.jpg --- [![blue_logo](https://www.cashflows.com/hs-fs/hubfs/Blog%20images/Blog%20Images%202021/blue_logo.png?width=143&height=26&name=blue_logo.png) ](https://www.cashflows.com) - Products - [ Payment Processing ](https://www.cashflows.com/solutions/payment-processing) ![payment-processing-icon](https://www.cashflows.com/hubfs/Solution%20Menu%20Imagery/payment-processing-icon.svg) #### [Payment Processing](https://www.cashflows.com/solutions/payment-processing) Fast, secure, easy - card processing to support your business #### [Anytime Settlement Get access to your funds within hours](https://www.cashflows.com/solutions/anytime-settlement) #### [Account Updater Automatically update lost or stolen card details](https://www.cashflows.com/solutions/account-updater) #### [Direct Send Pay out to card in minutes](https://www.cashflows.com/solutions/instant-payout) #### [3D Secure V2.2 Get ready for two-factor authentication](https://www.cashflows.com/solutions/3d-secure) #### [Network Tokens Revolutionizing digital transactions](https://www.cashflows.com/solutions/network-tokens) - 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[Partner with us ](https://www.cashflows.com/solutions/partnership-opportunities) - [Shift ](https://www.cashflows.com/shift) - About - Resources - Support - [Developers ](https://developer.cashflows.com/) [ Login ](https://www.cashflows.com/login) [ Contact sales ](https://www.cashflows.com/contact) **** - Products - [![payment-processing-icon](https://www.cashflows.com/hubfs/Solution%20Menu%20Imagery/payment-processing-icon.svg) #### Payment Processing Fast, secure, easy - card processing to support your business ](https://www.cashflows.com/blog/enabling-prepaid-innovation-with-open-payments-cloud#Payment-Processing) - [![payments-in-person-icon](https://www.cashflows.com/hubfs/Solution%20Menu%20Imagery/payments-in-person-icon.svg) #### In-Person Payments All you need for taking card payments in person ](https://www.cashflows.com/blog/enabling-prepaid-innovation-with-open-payments-cloud#In-Person-Payments) - [![online-payments-icon](https://www.cashflows.com/hubfs/Solution%20Menu%20Imagery/online-payments-icon.svg) #### Payment Gateway Start taking payments online today ](https://www.cashflows.com/blog/enabling-prepaid-innovation-with-open-payments-cloud#Payment-Gateway) - [![CF NAV - Faster Customer Onboarding 2024](https://www.cashflows.com/hubfs/Icons/CF%20NAV%20-%20Faster%20Customer%20Onboarding%202024.svg) #### Fast Onboarding A game-changing tool that puts you in control of your customer applications ](https://www.cashflows.com/solutions/fast-onboarding) - [![omnichannel-icon](https://www.cashflows.com/hubfs/Solution%20Menu%20Imagery/omnichannel-icon.svg) #### Omnichannel Take payments wherever your customers shop ](https://www.cashflows.com/blog/enabling-prepaid-innovation-with-open-payments-cloud#Omnichannel) - [![Cashflows Advance](https://www.cashflows.com/hubfs/Cashflows%20Advance.svg) #### Cashflows Advance Alternative business financing ](https://www.cashflows.com/solutions/cashflows_advance) - [![CF NAV - Solutions for Sectors 2024](https://www.cashflows.com/hubfs/Icons/CF%20NAV%20-%20Solutions%20for%20Sectors%202024.svg) #### Solutions for sectors Your industry supported with card payments ](https://www.cashflows.com/blog/enabling-prepaid-innovation-with-open-payments-cloud#Solutions-for-sectors) - Partner with us - Shift - About - Resources - Support - [Developers ](https://developer.cashflows.com/) [ Login ](https://www.cashflows.com/login) [ Contact sales ](https://www.cashflows.com/contact) Back [![payment-processing-icon](https://www.cashflows.com/hubfs/Solution%20Menu%20Imagery/payment-processing-icon.svg) #### Payment Processing Fast, secure, easy - card processing to support your business ](https://www.cashflows.com/solutions/payment-processing) ##### Features #### [Anytime Settlement Get access to your funds within hours](https://www.cashflows.com/solutions/anytime-settlement) #### [Account Updater Automatically update lost or stolen card details](https://www.cashflows.com/solutions/account-updater) #### [Direct Send Pay out to card in minutes](https://www.cashflows.com/solutions/instant-payout) #### [3D Secure V2.2 Get ready for two-factor authentication](https://www.cashflows.com/solutions/3d-secure) #### [Network Tokens Revolutionizing digital transactions](https://www.cashflows.com/solutions/network-tokens) Back [![payments-in-person-icon](https://www.cashflows.com/hubfs/Solution%20Menu%20Imagery/payments-in-person-icon.svg) #### In-Person Payments All you need for taking card payments in person ](https://www.cashflows.com/solutions/point-of-sale) ##### Features #### [SUNMI P3 Seamless, secure and speedy payments](https://www.cashflows.com/solutions/sunmi-p3) #### [SUNMI P2 SE Smart POS with the power of Android](https://www.cashflows.com/solutions/sunmi-p2-se) #### [SUNMI P3 Mix All-in-one POS solution for business](https://www.cashflows.com/solutions/sunmi-p3-mix) #### [Countertop card machine Castles Vega Countertop specifications](https://www.cashflows.com/countertop-card-machine) #### [Mobile card machine Castles Vega 3000 Mobile specifications](https://www.cashflows.com/mobile-card-payment-machine) #### [Smart POS card machine Castles Saturn 1000 F2 specifications](https://www.cashflows.com/smart-pos-card-machine) #### [Compare Card Machines Compare our latest card machines](https://www.cashflows.com/compare-card-machines) Back [![online-payments-icon](https://www.cashflows.com/hubfs/Solution%20Menu%20Imagery/online-payments-icon.svg) #### Payment Gateway Start taking payments online today ](https://www.cashflows.com/solutions/online-payments) ##### Features #### [Hosted Checkout Easy, secure and compliant payments for your website](https://www.cashflows.com/solutions/hosted-checkout) #### [Virtual Terminal Phone payments made easy for your team](https://www.cashflows.com/solutions/virtual-terminal) #### [Pay by Link Take card payment on invoices and emails](https://www.cashflows.com/solutions/pay-by-link) #### [Cashflows Portal Access to your data and payment tools in real-time](https://www.cashflows.com/solutions/cashflows-portal) #### [Click to Pay The revolutionary digital wallet](https://www.cashflows.com/solutions/click-to-pay) Back [![CF NAV - Faster Customer Onboarding 2024](https://www.cashflows.com/hubfs/Icons/CF%20NAV%20-%20Faster%20Customer%20Onboarding%202024.svg) #### Fast Onboarding A game-changing tool that puts you in control of your customer applications ](https://www.cashflows.com/solutions/fast-onboarding) Back [![omnichannel-icon](https://www.cashflows.com/hubfs/Solution%20Menu%20Imagery/omnichannel-icon.svg) #### Omnichannel Take payments wherever your customers shop ](https://www.cashflows.com/solutions/omnichannel) ##### Features Back [![Cashflows Advance](https://www.cashflows.com/hubfs/Cashflows%20Advance.svg) #### Cashflows Advance Alternative business financing ](https://www.cashflows.com/solutions/cashflows_advance) Back [![CF NAV - Solutions for Sectors 2024](https://www.cashflows.com/hubfs/Icons/CF%20NAV%20-%20Solutions%20for%20Sectors%202024.svg) #### Solutions for sectors Your industry supported with card payments ](https://www.cashflows.com/solutions/solutions-for-sectors) ##### Features #### [Retailer payment systems Retail payment solutions to support your business.](https://www.cashflows.com/solutions/retail) #### [Insurance payment processing Seamless payment processing for Insurance, Brokers and MGA's.](https://www.cashflows.com/solutions/insurance) #### [Financial services payment solutions From recurring billing, to payout, we’re ready to support you.](https://www.cashflows.com/solutions/financial-services) #### [Veterinary payment systems Payments you can trust to help your business grow.](https://www.cashflows.com/solutions/vets) #### [Dental payment systems Seamless and secure systems for dental payments.](https://www.cashflows.com/dental-payment-systems-cashflows) [![arow](https://www.cashflows.com/hubfs/Group%2021%20(3).svg)Explore our blog library](https://www.cashflows.com/blog) [News](https://www.cashflows.com/blog/tag/news) # Enabling prepaid innovation with Open Payments Cloud ![](https://www.cashflows.com/hubfs/Cashflows_February2021/Images/pr-2.jpg) [By Cashflows Press Team](https://www.cashflows.com/blog/author/cashflows-press-team) **London, 3rd July 2018:** CashFlows today announced it will help to break down barriers to payment innovation by offering BIN sponsorship services through the ground-breaking [Open Payments Cloud](https://www.openpayments.cloud/) (OPC). New and smaller programmes have always posed a fundamental challenge within the industry whereby low card volumes present commercial challenges and creates a barrier to entry. OPC’s unique platform enables developers, entrepreneurs and new Programme Managers to bring new payment programmes to life by enabling them to connect with the fintech services they need such as BIN sponsorship, processing and KYC through a single platform. The partnership will significantly reduce the barriers to market entry including implementation cost, development time and minimum commitments. Through its BIN (bank identification number) sponsorship services, CashFlows will enable these new payment innovators to issue prepaid cards and process payments through major global payment schemes like Visa and Mastercard. OPC is providing services to a burgeoning market. Prepaid is set to top $500 billion globally in annual sales revenue by 2020 and $131 billion in Europe respectively, according to research by Mastercard. Growth is strongest in Europe where prepaid is increasing at 18 percent year-on-year compared to 5-7 percent for consumer credit and debit. This is a market that OPC’s platform will allow its customers to exploit, initially servicing the commercial card programmes before addressing the consumer need.  Jonathan Bennett, Chief Commercial Officer, CashFlows, said: “OPC is addressing a real need in the market. It is continuing the trend of innovation in prepaid, enabling smaller programmes that previously wouldn’t have got off the ground due to economies of scale to launch. CashFlows is pleased to be a key partner of OPC and look forward to a highly productive working relationship.” Paul Love Twelves, General Manager, Open Payments Cloud, said: “We’re delighted to be working with CashFlows and to welcome them onboard as a founding partner. It is an experienced provider of BIN sponsorship services and we value its expertise and support. There’s a great cultural fit between the two organisations and are both committed to empowering the next generation of payment innovation.” **About Open Payments Cloud** Open Payments Cloud (OPC) enables new payment innovators to overcome the many barriers and complexities to market entry and commercial success. OPC simplifies, organises and connects disparate fintech services to innovators using APIs and a unique rules-based platform. It offers a safe and secure environment where innovators and developers can quickly ‘test and learn’, accelerate speed to market and create the best possible chance of success. Based in London, OPC grew from Horizon 2020, the biggest research and innovation programme ever initiated by the European Union. The platform has advanced with input from Visa and attracted payment innovators including Moorwand, CashFlows and GPS as its founder partners.  [www.openpayments.cloud](https://www.openpayments.cloud/) ## Related Stories [![The PSR’s Remedies on the Merchant Acquirer Market: What Do They Mean?](https://www.cashflows.com/hubfs/Blog%20post%20image%20PSR.jpg) News ## The PSR’s Remedies on the Merchant Acquirer Market: What Do They Mean? 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