At Money20/20 in Amsterdam this week, a new platform launched to enable fintechs, digital banks and new business ventures to get up-and-running with a suite of payment services in a mere matter of weeks.
The platform is called b.yond, and it's been created by a consortium of companies that includes Modulr, Global Processing Services, Pannovate, Cornercard, AllPay, Meawallet and W2 Global working together in collaboration with Visa.
Customers of b.yond will benefit from a range of payment solutions available via a single platform under one agreement. The new b.yond ecosystem provides options for:
on-boarding and know your customer (KYC)
enhanced account loading
physical and virtual cards
instant P2P transfers
real-time agency banking
better card control
improved alerts, notifications and statements.
By offering a streamlined service that removes the complexity of needing multiple contracts and integrations, b.yond's customers can take their new propositions or improved services to market in just eight weeks.
The combined expertise and service offering of these eight partners delivers a platform that's a turnkey end-to-end solution for businesses wanting to offer innovative payment services.