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5 Card Issuing platforms diversifying payment options in the UK

By Gloria Methri

November 07, 2023

  • Card Issuing
  • Card Issuing Platform
  • Card Processing

Card Issuing, Card Processing, Payments Processing, FinTech, UKIn today’s digital age, payment cards have become an essential part of our daily lives. With the rise of e-commerce and mobile payments, businesses of all sizes are looking for ways for card issuing platforms to help their customers make payments more quickly and efficiently.

However, with so many card-issuing platforms available, it can be challenging to pick the best one for your business needs. Each provider has unique features and capabilities, making them stand out in their way. By carefully analyzing the strengths of each platform, businesses can make informed decisions and select a provider that best suits their needs.

Listed are five popular Card Issuing and Processing platforms available in the UK:

Paymentology is a payment processing and card issuing platform that offers businesses a wide range of payment solutions, including card issuance, authorization, and settlement services. Its card-issuing functionality allows businesses to create and manage virtual and physical debit and credit cards and customize their card programs to fit their unique needs.

Railsbank is a UK-based FinTech that provides banking and payment solutions for businesses. One of its key offerings is card issuing, which allows businesses to customize, design, and manage their own branded debit or credit cards.

The service also includes real-time card management tools, transaction tracking, and fraud prevention measures. Railsbank’s card issuing service can be integrated with other Railsbank services, such as payment processing, virtual accounts, and open banking APIs.

Rapyd’s multi-country card issuing API enables users to issue pre-funded cards that can be used for buying items in a store, withdrawing cash from ATMs, or purchasing online.

Rapyd’s Card Issuing API supports virtual and physical cards and provides support for end-to-end card management – including design, production delivery, and reissuing.

Rapyd corporate cards, let you control approvals and expenses, set spending limits, decline ATM withdrawals, or limit purchases to specific merchants.

Established in 2007, Thredd provides payment-issuing solutions to top challengers worldwide. Formerly known as GPS, the company utilizes open APIs to provide services such as virtual card issuance, payment processing, management of credit, debit, and prepaid card transactions, mobile wallet solutions, multi-currency cards with flexible rates, and security and fraud prevention measures.

Additionally, Thredd offers back-office solutions that enable businesses to analyze their clients’ behaviour and transaction history, allowing for product improvements to be made based on this data.

Velmie provides a full set of features to start and manage a comprehensive and customizable card program. Customers can mix and match pre-built modules to create a unique, customized solution. The solution provides businesses with the ability to issue both physical and virtual cards with one or many card-issuing companies connected to Velmie.

Businesses can integrate their card program with popular mobile payment options such as Apple Pay and Google Pay, enabling their customers to make payments using their mobile devices easily.

Also read: Global Payments Vendors and Landscape Report Q2 2024

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