Put payments at the heart of what you do. Embed access to UK, EU and card payment schemes within your platform, workflows and customer experiences.
Open unlimited accounts, with sort codes or Euro IBANs. Segregate paid-in funds by debtor or payment type, to make reconciliation faster and less manual.
Set rules to trigger splits, sweeps and notifications when you receive funds. Move money between accounts, pay out quickly and control your working capital.
Modulr accounts support Direct Debit collections and receipt of push payment via UK payment schemes and SEPA. With new payment schemes constantly added.
Card payments are susceptible to fraud but with Open Banking payments, customers authenticate directly with their bank using SCA. That means no more chargebacks and chargeback fees.
Modulr is the cost-effective way to launch payment services. Save on compliance costs. Save on upfront build costs. Save on ongoing operational and tech maintenance costs.
Automate treasury management including processing received funds and reconciliation. With real time payment notifications. For more efficient cash management.
"Modulr's technology is where the future of payments in the travel industry is headed. It's going to be an enormous revolution in the industry as people start to embrace new platforms, quicker ways of paying and faster ways of transferring money from one supplier to another."Dave Robinson Chief Commercial Officer
"Quite simply, Modulr offered a great solution for our business needs. Where we were faced with complexity, which would have slowed development, Modulr has brought us simplicity, clarity, speed to market and great service."Tim Philip Chief Operating Officer
Modulr is authorised and regulated by the FCA as an Electronic Money Institution (FRN: 900573). We can issue accounts with sort codes and Euro IBANs. Our accounts access existing payments services – Bacs, CHAPS, Faster Payments, SEPA, Visa and Mastercard - so businesses can receive and make payments easily.
As directly connected participants to the Faster Payments and Bacs schemes, we are able to hold and settle funds at the Bank of England, meaning greater reliability and security.
All built on a secure platform with multi-factor authentication, activity observation and regular penetration testing.