Agency Banking

Agency Banking can help you build a banking and payment service, quickly and efficiently. The solution gives you full access to banking rails through a single set of APIs. You’ll benefit from a faster time to market so that you can concentrate on valued-added solutions.

Agency Banking provides your customers with a GBP bank account number and sort code or an EUR bank account number and IBAN, which they can use to make top-up payments easily via the banking network to fund their payment cards. Your customers can also use the solution to transfer funds out of their card account. Payments into and out of the account can be one off payments via Faster Payments, SEPA, BACS and CHAPS.

The agency banking solution is provided via our partner Modulr and is fully integrated into the Thredd system. It is available to customers in the UK and EU.

Figure: Thredd Agency Banking Service

Features

  • GBR and EUR bank account number, IBAN and sort code for customers

  • Faster Payments

  • BACS / CHAPS

  • Single European Payments Area (SEPA)

  • Fully authorised and regulated as an electronic money institution

  • Real time transactional data feed that enables you to implement bespoke decision-making logic and your own authorisation rules

  • Advanced fraud rules

For more information, see the Agency Banking Guide.