The smart way of handling bank payment for services or loading a prepaid card: the payor sends the recipient information, including a mobile phone number, to the platform, which issues a unique transfer code which also lists the steps to be followed.
Once the gateway sees that the bank transfer has arrived in its account, the “transaction success” is automatically communicated to the payee who can now, for instance, deliver the product or service ordered.
The methodology is securely integrated in the existing platform and no further security or approval is required, as everything is handled internally by Bancore.
Bancore further supports all VISA or Mastercard card acquiring transactions with 3D secure verification, thereby minimising fraud and oftentimes very costly chargebacks.
Transactions can either be processed in the currency of the payor’s card/bank account or in a currency of choice, and settled in, for instance, USD, EUR or even Crypto.