5.6 Banking Services

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 the account can be made via Faster Payments, SEPA, BACS and CHAPS. Payments out of the account can be made via Faster Payments, SEPA and Direct Debit.

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.

For more information, see the Agency Banking Guide.