Category: Products & Services

Boost your payment solutions with turnkey BIN sponsorship

Posted on December 18, 2024 by - Products & Services

BIN Sponsorship
DiPocket specialises in offering Payments as a Service solutions to a wide range of sectors. Our turnkey BIN sponsorship delivers a ready-made outsourcing solution for financial institutions, boosting their offer with branded payment cards and virtual IBAN numbers.

 

What is BIN sponsorship?

BIN sponsorship is a partnership between a financial institution and a non-banking entity (usually a fintech company). It enables the company to issue payment cards and process transactions without becoming a direct member of a card scheme like Visa or Mastercard.

 

How BIN sponsorship works

DiPocket has invested heavily to become licensed to issue payment cards. We have a unique BIN (Bank Identification Number: the first 6 digits of a payment card number) which identifies DiPocket as the card issuer.

BIN sponsorship allows us to sponsor financial institutions to gain access to the essential infrastructure provided through this BIN. We handle all the payment processing, regulatory compliance and adherence to card scheme rules. DiPocket’s BIN sponsorship service allows you to:

  • Issue branded payment cards tailored to your business.
  • Hold IBAN numbers for local and international money transfers
  • Process transactions seamlessly across networks like Visa and Mastercard.
  • Operate within full regulatory compliance, while we handle the complexities.

 

Why choose BIN sponsorship with DiPocket?

 

  1. Faster market entry

A primary benefit of BIN sponsorship is accelerating the time-to-market for businesses looking to launch card products or payment solutions. You don’t need to wait for the complex process of obtaining a BIN to work with Mastercard or Visa. DiPocket is approved as a main member, so we can sponsor you as an Associate Member. You can then immediately issue virtual or physical payment cards with the possibility of tokenization.

  1. Cost efficiency

Setting up your own payment ecosystem requires significant investment. BIN sponsorship offers significant cost savings by reducing the expenses associated with joining a card scheme directly and eliminating the need to invest in complex payment systems and infrastructure.

  1. Regulatory expertise

Payments is a highly regulated sector. We invest heavily in the licencing and operational capabilities typically handled by banks to provide our customers with simple, safe and effective card issuing and funds disbursement solutions. Our payment solutions come with integrated transaction fraud monitoring and AML control, meeting all necessary legal and security standards.

  1. International payments

BIN sponsorship through DiPocket allows you to provide Agency banking solutions and issue IBANs. Make and receive local and international payments via Automated Clearing House (ACH) as well as card-to-account and account-to-card, using DiPocket’s payment APIs. With Moneysend and VISA Direct coming soon, you can offer your customers a full range of options.

  1. Customisation

With DiPocket, you can offer tailored virtual and physical cards that align with your brand identity and customer needs. Branded cards improve customer loyalty and help you stand out in a competitive market.

  1. Streamlining operations

BIN sponsorship streamlines payment operations for businesses. DiPocket’s BIN sponsorship reduces the need for multiple integrations, improves transaction processing speed and accuracy and offers a more robust and reliable payment infrastructure. As your business grows, so can your payment services. Whether you’re targeting new markets or expanding your product range, DiPocket’s payment solutions provide versatile and scalable support.

 

Payments as a Service

DiPocket isn’t just a BIN sponsor—we’re your strategic partner in the payments landscape. With years of experience and a proven track record, we provide:

  • Comprehensive support throughout your card program lifecycle.
  • Secure and compliant solutions backed by cutting-edge technology.
  • Global reach to help you scale effortlessly across borders.

DiPocket’s Payments as a Service solutions offer API integration that allows you to manage and distribute payment cards efficiently, saving time and resources. Our secure platform delivers insights and detailed analytics, allow you to track and adjust your strategy based on actionable data.

 

Contact us today to discover how DiPocket’s BIN sponsorship and payments solutions services can take your business to the next level.

Customised company gift cards from DiPocket

Posted on November 27, 2024 by - Products & Services

Company gift cards for employees.

If you’re an organisation looking for a way to reimburse or incentivise your employees or customers, or to keep customers coming back to your shopping centre or marketplace, company gift cards can be an excellent choice.

DiPocket’s turnkey card issuing and funds disbursement solution gives you the option to issue customised gift cards. This means you can tailor each card to your precise needs and to the circumstances of the recipient. A wide range of options are available, for example single-load or reloadable gift cards that your customers can give to family and friends, or gift cards for product rebates and refunds. You can also offer company gift cards as employee or client incentives.

 

The benefits of customised company gift cards

 

Keep customers coming back to your marketplace

If you run a physical shopping centre or an online marketplace, setting up a branded company gift card will help keep your customers coming back. With DiPocket’s Payment as a Service (PaaS) solution, you can set up customised gift cards without the hassle and regulatory risks of proprietary solutions.

 

Issue gift cards with spending controls

DiPocket’s gift card solution for any organisation gives you an administrative portal for your team, with full control over spend. You are free to limit the outlets and even product ranges where recipients can spend company gift cards, and can even set up to receive commission from purchases made with the gift card.

 

Enhanced customer engagement

Strategic use of gift cards can engage clients and customers. By offering gift cards as rewards or incentives, organisations can strengthen relationships and encourage repeat business. For example, company gift cards tied to specific actions or milestones give the recipient heightened pleasure, and also boost engagement.

 

Customised gift cards in your branding

DiPocket gift cards can be fully tailored to reflect your brand identity. From the design of the card itself to how and where it can be spent, you control each gift card to reflect your unique values and needs. Significantly, this personal touch makes recipients feel engaged, and each card raises awareness of your brand.

 

Virtual or physical gift cards

DiPocket provides both physical and virtual gift cards, catering to a variety of business needs. Physical gift cards are ideal for face-to-face interactions, such as trade shows or in-office rewards. In contrast, virtual cards are perfect for online campaigns or remote teams, as they can be instantly distributed digitally.

 

Multi-currency gift cards and international use

Our company gift cards are perfect for businesses operating across borders. Because DiPocket offers multi-currency options, your recipients can use their cards globally. This flexibility means you can activate gift cards for shopping, dining and other experiences no matter where your clients or employees are located.

 

Accepted everywhere with Mastercard and Visa

Out of the box, every retailer using Mastercard™ or Visa™ will accept our gift cards, giving you the freedom to choose exactly how you want to enable spending. Further, the cards can be integrated with Google Pay™ and Apple Pay™, so your customers and employees can tap to pay securely with their company gift card from any Android or iOS devices.

 

Simple, seamless integration

Whether you’re a small business or a large enterprise, it is simple to integrate DiPocket’s gift card solutions into your existing systems. We offer API integration that allows businesses to manage and distribute company gift cards efficiently, saving time and resources. As a result, there is no need for complex setups – our tech does the heavy lifting.

 

Enhanced financial control

As a business, you’ll appreciate the financial oversight that comes with our gift card solutions. With real-time tracking and reporting tools you can monitor usage of the cards, ensure compliance and understand spending patterns. This not only helps you control costs, but also helps you analyse the effectiveness of your gift programme.

 

Conclusion

In summary, DiPocket’s gift card solutions enable businesses to provide a bespoke service for their employees and customers. You can encourage customers to return, improve employee loyalty and drive satisfaction by offering gift cards tailored to their needs.

Customised corporate gift cards are undoubtedly a versatile and effective tool for any organisation. Find out more about DiPocket’s funds disbursement solutions, including gift cards: contact us today.

Branded payment cards improve customer loyalty

Posted on August 28, 2024 by - Products & Services

How brands can offer digital banking services with customised payment cards

 

Branded payment cards can be a great asset for your business. Your main aim may be to streamline financial solutions, but branded payment cards can also offer an innovative way to retain customers and improve brand loyalty.

As a ‘Banking as a Service’ provider, DiPocket takes care of your bespoke financial services and provides cards with your own branding for your team or customers. In this blog, we’ll look at these customised payment cards in more detail and see how they benefit your brand.

 

Improve customer loyalty with branded payment cards

A strong brand fosters trust and loyalty among customers – when customers see a brand they recognise and trust on their payment cards, it reinforces their confidence in the company. Branded payment cards simplify financial transactions and enhance the overall customer experience. By integrating your branding into everyday financial tools, you ensure that your brand remains at the forefront of your customers’ minds.

So, if you streamline your financial solutions to make disbursement of funds simpler and safer, adding your branding to the payment cards will reassure customers that they are in safe hands.

Likewise, if you introduce new employee benefits to your organisation, or introduce expenses payment cards, branded payment cards will reinforce the message that you are a responsible and caring employer.

 

Branded payment cards with BaaS

Branded payment cards are no longer just for large banks. With Banking as a Service (BaaS) providers like DiPocket, businesses can offer customised payment solutions without the complexities of traditional banking. BaaS enables companies to choose from various banking components, including expense cards, gift cards, and funds disbursement cards. DiPocket handles the regulatory processes, from payment processing to account management, allowing businesses to focus on their core operations.

 

Turnkey card issuing solutions for branded payment cards

DiPocket provides a comprehensive turnkey solution for branded payment cards. As a principal member of both Mastercard and VISA, DiPocket manages the entire card issuance process, ensuring compliance with stringent regulations. The result is a seamless and secure branded payment card solution that businesses can rely on.

 

Bespoke virtual and physical payment cards

We supply your choice of virtual or physical payment cards, all with your branding. The cards are authorised by Mastercard or VISA and are integrated with Google Pay™ and Apple Pay™ so your customers and employees can tap to pay securely with their Android or iOS devices.

 

Data insights from branded payment cards

One of the significant advantages of branded payment cards is the ability to gather valuable data insights. DiPocket fully integrates management of your customised cards into a powerful administrative portal allowing you to analyse customer behaviour and tailor your services accordingly. This data-driven approach can significantly enhance customer engagement and loyalty. Importantly, the customer relationship between you and the end user (your employee or customer) remains with you. Any user data you collect on card use will be under your control.

 

Branded payment cards from DiPocket

Branded payment cards are a powerful tool for businesses looking to enhance customer loyalty and streamline financial operations. With DiPocket’s comprehensive BaaS solutions, companies can offer customised payment cards without the complexities of traditional banking. By integrating branding into financial tools, businesses can keep their brand in front of customers, boosting engagement and loyalty.

Please get in touch to find out more about how branded payment cards can benefit your business, supporting customer and employee engagement.

Payment card issuing

Posted on May 15, 2024 by - Products & Services

Customised payment cards from DiPocket

Payment card issuing from DiPocket


The turnkey payment card issuing solution for your organisation

 

For the end user, payment cards are a simple way to send and receive funds. That’s why organisations across Europe are turning to virtual or physical payment cards to issue funds for payroll, expense management, gift incentives and more.

However, setting up and managing an in-house payment card issuing system is both expensive and time-consuming. DiPocket takes away this pain, providing a customisable card-issuing and payment solution that is simple and cost-effective for your organisation.

The benefits of payment card issuing through DiPocket

Payment card issuing requires significant investment in licencing and operational capabilities, typically handled by banks. Our solution gives you a bespoke payment card with Visa, Mastercard, Google Wallet and Apple Pay payment options, fully set up and supported by DiPocket.

We pay all licensing and regulatory fees

To issue a payment card, companies need an Issuing License from each service provider, such as Visa and Mastercard. Principal licences cost hundreds of thousands of euros a year, a fee that is unsustainable for most individual organisations. We pay all licensing and regulatory fees as part of DiPocket’s service to you.

We navigate complex financial regulations

DiPocket is not a bank, but is nevertheless subject to a complex range of regulations setting caps on fees and governing the payments and loans market across the EU. We keep on top of the requirements of the financial regulatory environment to ensure that your payment cards operate legally. In fact, some banks even come to us rather than setting up their own payment cards for employees!

We carry out personal checks

It is important that you do not distribute funds to certain individuals. We carry out the checks that protect you, including:

Our fraud team is always active

With the exponential growth of financial fraud, individual payment card issuing providers could not hope to match the power of our dedicated anti-fraud team. We take the risk of fraud off your hands, and work tirelessly to improve security, including:

  • Live monitoring of card usage
  • Rapid response to suspect transactions
  • Full investigations.
We process all card transactions

Every transaction on your payment cards is supported through our processing system. We track each and every payment as it is requested, sent to Visa or Mastercard for payment and returned through us. We deal with the approvals and fees at every stage so that you don’t have to. If there is a problem, we sort it out.

We give you the control you need

You have full control and visibility of transactions through our secure administrative portal. You can:

  • Issue pre-paid physical or virtual cards with or without top-up permissions
  • Control spend and have visibility as to what individuals are buying
  • Add bespoke usage restrictions to prevent misuse of funds, including limiting spend to specified merchants or category codes.
We design and issue your branded virtual and physical cards

The design and manufacture of payment cards supported by Visa and Mastercard are, with good reason, strictly regulated. Our turnkey solution not only deals with the financial complexities of offering a white labelled payment system, but also sorts out the practicalities for you.

Versatile funds disbursement from DiPocket

DiPocket allows you to offer branded payment cards without the onerous demands of acting as a bank. We provide you with a quick and simple solution for the secure payment of funds, wherever and whenever you choose.

To find out more about issuing your own payment card solution please do get in touch with a member of the DiPocket team by clicking here.