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Cashback is a financial incentive where cardholders receive a percentage of the money they spend back as a reward. This refund is typically credited to their account or card balance. How cashback works? When a cardholder makes a purchase using their payment ...

Cashback product functionalities are provided by the Fee Management System API. Below are the sections listing the endpoints needed to create a billing setup that will enable cashback generation. Allowed Action Antaca Config Configuration Property Map Dat...

The most important reason why you should use the Verestro Tokenization and Contactless Payment Solutions  There are many reasons why to use Tokenization and Contactless Payment solutions provided by Verestro but one of them is definitely the most important. W...

Below simplified example of Verestro platform architecture. Before every project please decide which functionalities are you going to use.  Please tick bullet points which are needed in your project and deliver it to our sales team: INTERFACE White-la...

Many merchants, especially in high risk area, face the problem of low approval rates. There are situations where 20-40% of transactions are declined. This is a real issue as it means a concrete loss of sales opportunity. In this article we will explain how it ...

There are various important trends that are impacting the financial technology market at the moment. We try to focus on several of them to stay competitive and propose services which improve user satisfaction, conversion and bring more revenues to our partners...

Our customers usually ask if it makes sense to issue cards on a separate BIN fully dedicated for a particular project or just use BIN range and share it with other partners. Let me focus on this topic in this short article.  BIN range There are not so many d...

If you are a fintech provider, there is one single risk of choosing a BAAS partner - long-term dependence on a regulatory license of the partner. We will focus on this topic in this article and explain how Verestro's proposal differs from all other BAAS provid...

This article summarizes programming languages & technologies we're utilizing to build our mobile solutions. Why should I care? If you want to use Verestro's SDKs in your mobile apps or you are interested in our Whitelabel Mobile Application, with intention o...

Integration with web page One possible development direction for the Verestro Whitelabel Application is to expand the set of functionalities by embedding webviews. There are no restrictions on the side of Verestro technology to embed a web page in a mobile ap...

There are various important trends that are impacting the financial technology market at the moment. We try to focus on several of them to stay competitive and propose services which improve user satisfaction, conversion and bring more revenues to our partners...

Below simplified example of Verestro platform architecture. Before every project please decide which functionalities are you going to use.  Please tick bullet points which are needed in your project and deliver it to our sales team: INTERFACE White-...

Our mission at Verestro is to provide cutting-edge fintech technologies and make them affordable to everyone. We work with banks, fintech providers, payment schemes, payment gateways, merchants, corporations and small businesses and develop a BAAS / FAAS platf...

Integration with Verestro Verestro offers three ways to take benefit of our solution, see table below for detailed comparison and pros of each of them. White Label Application SDKs APIs What is it? Complete mobile application for Android & iO...

In this document we describe how payment schemes (Mastercard and VISA) work. Payment card business is a large global market, which was developed in the USA in the first half of XX century and has grown globally. In this document we will describe the main busi...

How to choose a BIN sponsor and card issuing partner? Choosing a BIN sponsor or card issuer is a difficult decision for many partners. Most of our partners do not come from the payment card business, so they learn by doing. In this chapter, we are going to de...

How can I earn from card issuing? This is a common question that is asked by our customers. Let me explain the key financial areas connected with this business.  Indirect revenue or cost savings Usually, the main reason for issuing cards in different segment...

Calculating profits and losses in card issuing is not easy, especially when various card issuers offer different fee and revenue models. Below I would like to show a few examples.  Let's imagine we are a fintech wallet with 10.000 users and we would like to i...

Legal issues related to regulatory or payment scheme rules often arise in questions we receive from our partners and clients. In this article I would like to summarize key dependencies, limitations and rules that have a very important impact on payment account...

Sometimes our customers ask if it is better to issue VISA or Mastercard cards. In this article we would like to answer this question.  Main payment schemes There are two main payment schemes in the card area that have almost monopolized global card business ...