Successfully onboarded Business Platform Customers integrate via the Banking API Services to access a number UK banking and UK Payment services which which can be provided to individual platform specific Customers and Businesses.
Platforms providers access a range of banking and payment services:
Fully addressable UK bank Accounts with Sort codes and account numbers for individual and business customers.
Outbound and inbound Faster Payments and other payment services such as CHAPS and BACS.
Subject to available in due time Bank Cards (Visa and Mastercard) with be issued to UK individual and Business Customers for use across all Merchant outlets and ATM outlets.
Savings and Investment may be offered in collaboration with regulated service providers and subject to availability.
Access to credit by the Platform Customers may be offered in collaboration with regulated service providers and subject to status and approval.
Individual and Business Customers onboarded via the Agency banking service platforms access their UK banking services in the traditional way and able to make payments via existing Merchant outlets for card payments and ATM networks for cash withdrawal.
Send and Receive Money
Access inbound and outbound electronic payments direct into and from bank account
Make Card Payments
Access Bank Card Payments Services across existing Merchant outlets and ATM network at home and abroad.
Savings and Investments
Access savings, investments and Credit from participating collaboration partners such as asset managers and lenders