CARD ISSUING (BIN Sponsorship)

Interested in issuing BIN Sponsorship?

The prepaid opportunity is enormous and growing. This is in no small part because it offers such a flexible solution. Whatever the end-customer need — managing holiday spending, sending money overseas, budgeting or paying gig economy workers, prepaid offers a viable solution. And our BIN Sponsorship Solution offers a way to get your prepaid programme to market as quick as possible.

What is Issuing BIN Sponsorship?

For prepaid card businesses, BIN Sponsorship provides a payment solution that removes the need to become a member of a card scheme like Visa, Mastercard, Unionpay or JCB. The BIN, short for bank identification number, is the first four to six digits of the long number on the front of a debit or credit card and identifies the issuer.

What is Issuing BIN Sponsorship?

For prepaid card businesses, BIN Sponsorship provides a payment solution that removes the need to become a member of a card scheme like Visa, Mastercard, Unionpay or JCB. The BIN, short for bank identification number, is the first four to six digits of the long number on the front of a debit or credit card and identifies the issuer.

Why use a BIN Sponsor?

Any prepaid card business starting out is likely to be daunted by the prospect of BIN accreditation. It’s an incredibly time-consuming process, involving form filling, supporting document collation, registration fees and certification. It’s costly and can significantly delay your journey to market.

Features

Speed to market

Get rid of the operational burdens, in-house compliance requirements, and time consuming processes that stop your card programme from going live.

Access to full ecosystem

We've worked on issuing projects with some of Europe's largest payment processors and schemes, meaning you needn't go further than Cashflows to get what you need to launch.

Cost

Inhouse risk teams, dedicated specialists and lengthy accreditation processes all add up to an expensive process. Save not just time, but money with us.

Knowledge

Read our latest thoughts on taking control of your payment system

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