Creating a regulator-approved concept to issue virtual credit cards across Europe

Industry

Banking and financial industry

Description

Our client is issuing credit cards and operating bank accounts in multiple countries in Europe. The client was planning on rolling out his virtual credit card (VCC) product, which was only available in Spain at that time, into all other markets.

As part of our consulting assignment, we have developed a concept to issue VCCs across all European markets. The concept included security measures and new processes to comply with all local PSD2-based regulations. Because of the nature of a VCC, we managed to design a new product, which is easier to use and does not require to comply with all SCA requirements of the PSD2.

The concept was approved by all regulators in all issuing countries in the first iteration.

Services
Consulting
Technologies
Mastercard VCC PSD2 SCA Risk Management Risk Mitigation PCI-DSS

Web-Platform for customers and agents to claim a cash-back on toll turnover
Web-Platform for customers and agents to claim a cash-back on toll turnover
Web-Platform for customers and agents to claim a cash-back on toll turnover
Web-Platform for customers and agents to claim a cash-back on toll turnover

Web-Platform for customers and agents to claim a cash-back on toll turnover
Web-Platform for customers and agents to claim a cash-back on toll turnover
Web-Platform for customers and agents to claim a cash-back on toll turnover
Web-Platform for customers and agents to claim a cash-back on toll turnover

Industry

Banking and financial industry

Description

Our client is issuing credit cards and operating bank accounts in multiple countries in Europe. The client was planning on rolling out his virtual credit card (VCC) product, which was only available in Spain at that time, into all other markets.

As part of our consulting assignment, we have developed a concept to issue VCCs across all European markets. The concept included security measures and new processes to comply with all local PSD2-based regulations. Because of the nature of a VCC, we managed to design a new product, which is easier to use and does not require to comply with all SCA requirements of the PSD2.

The concept was approved by all regulators in all issuing countries in the first iteration.

Services
Consulting
Technologies
Mastercard VCC PSD2 SCA Risk Management Risk Mitigation PCI-DSS

Mobile