Hub

IDT Finance is a regulated, experienced Issuer, BIN Sponsor and Payment Service Provider delivering tailor-made solutions to businesses looking to launch financial service products for almost 20 years. We have a full banking licence in Gibraltar and an Electronic Money (EMI) Licence in Malta which allows us to support programmes in the UK, Israel and across the EEA, including providing safeguarding accounts for customer funds.

IDT Finance supports Card Issuing, BIN Sponsorship and Payment Services for programmes across the UK, Gibraltar and EEA.

BIN sponsorship allows a non-bank business to issue prepaid, debit or credit cards in their own brand using IDT Finance’s principal membership of either Mastercard or Visa. The card programme can be designed for consumer or corporate cardholders, and IDT Finance supports programmes in a wide range of currencies, using both physical and virtual cards in the UK and across the EEA. IDT Finance will manage the relationship with Mastercard and Visa and will fully support you through the implementation and set-up of the card programme as well as work with you once live to help your programme grow. We can also talk to Mastercard and Visa, on your behalf, about incentive assistance to get your programme up and running.

As the Issuer, IDT Finance is the regulated entity that acts as the gateway to the global payment networks. We are the financial institution that has regulatory responsibilities for ensuring programmes meet with all applicable legislation, that reconciles and safeguards all customer funds and that supports our clients in the overall design of the programme.

We support innovative solutions for businesses and consumers including prepaid, debit and credit programmes and have extensive experience of delivering programmes across a wide range of verticals including Child and Teen, Mobility, Travel, Virtual Airline Payments, Fintech, Corporate Expense and Alternative Banking. We can work across other verticals too so just let us know what you are looking for in your programme and we will design what is best for you.

This will depend on the complexity of the programme but we will work with your chosen technology partners to ensure speed to market, assigning a dedicated project manager to get your programme up and running. With IDT Finance there is no technical integration, helping reduce launch timelines, as we will receive reports from the Processor to manage all aspects of the programme from an Issuing and BIN Sponsorship perspective.

With collaboration in our DNA, we add true value to a business through developing meaningful and profitable relationships. Whether it be a new market, new payment services such as Apple Pay and Google Pay or new banking lite options such as IBANs, Faster Payments or SEPA payments, we are here to help you deepen customer relationships. Our experienced Customer Relationship team will work with you to get the most out of your programme.

As well as providing Issuing and BIN Sponsorship services, we also support additional Payment Services. We are experienced in adding and managing Apple and Google Pay to programmes and can help you navigate the introduction of these tokenisation services. Through our partnerships we can also deliver digital banking services as well as open banking services such as Confirmation of Payee. With digital banking we can provide the following:
UK BINS – Sort code / account numbers, Faster payments, BACS, CHAPS and direct debit services
EEA BINS – vIBANS, SEPA Direct, SEPA Instant and Target2 Payments.

You can choose which of our services to take to suit your needs. So, if you are an EMI / Issuer but need access to Mastercard and Visa, we can provide BIN Sponsorship only services or if you are just looking for digital banking services we are good with that. Just let us know what you need and we can create the right package of services for you.