Railsbank and paymentology2 Jun 2018 08:45
Another mega deal:
Railsbank partners with Paymentology to add debit card issuing capabilities to the Railsbank open banking platform.
Railsbank, a leading UK-based open-banking and regtech platform, announces that Paymentology, an issuer side payment processor, has joined its partner network.
Paymentology will enable Railsbank�s customers to create innovative card-based products with capabilities that are not possible with any other processor. The move enhances Railsbank�s complete transactional banking platform proposition, offering a one-shop operation for all its customers� needs.
Founded in 2015 by experts with 18 years of experience within the payments industry, Paymentology sits alongside banks and programme managers to help provide a seamless processing experience.
Brad van Leeuwen, Head of Partnerships at Railsbank, said: �Paymentology is a processor with market-leading capabilities that aligns well with our vision of bringing new financial products and services to market faster than was ever possible before.�
Akshay Patel, Founder of Paymentology, added: �We�re delighted to partner up with Railsbank and their impressive team to help bring their inspiring vision to life. Railsbank has built an innovative banking and compliance platform that we�re proud to be supporting with our leading edge payment processing platform.�
Nigel Verdon, CEO of Railsbank said: �This is a very exciting partnership for us. Paymentology is an innovative new processor which has been built by industry veterans. It provides Railsbank and its customers access to features and functionality that are not available with other legacy processors currently in the market.�
Railsbank is a global banking and compliance platform that gives companies access to wholesale banking services in 5 lines of code