Transact365 has developed a growing network of banking partners who are able to service industries that the traditional banking sector has ignored in recent years. This solution encompasses named bank accounts, making it easier for acquirers to settle funds to without the problematic issue of operating under a pooled virtual IBAN.
Open Banking Solutions
Our Open Banking solution utilises UK Faster Payments and Sepa to provide an alternative to Visa and MasterCard transactions. By adopting this method, our merchants can be instantly funded by their customers without the need to wait on a 1-2 day acquirer settlement. This is a useful solution especially for the financial services sector as it reduces the need to prefund an international money transfer or the funds on account for a foreign exchange trader.
Visa and MasterCard Processing
The Transact365 API is PCI Level 1 and integrated to over 20 established European and international acquirers. We are able to provide centralised back office reconciliations across all payment methods and real time transactional monitoring. Proven to increase conversions by understanding how the transactions are being passed and processed, our IT and technical support teams are on hand to assist 24/7.
Transact 365 is able to assist with UK and European company formations for non EU merchants looking to expand across the UK and Europe.