Contis and ClearBank strike up payments partnership
UK-based payments solution provider Contis has formed a strategic partnership with ClearBank, the country’s first new clearing bank in more than 250 years, adding them as an additional clearing channel to access UK payments.
This relationship further extends the client options available within Contis’ payments platform and supports its ability to provide scalable real-time payments as an alternative banking provider to clients throughout the UK.
Contis uses ClearBank’s real-time APIs to complement its product offering throughout the EEA incl. Faster Payments, CHAPS, BACS, Direct Debit, SEPA, pan-European Visa issuing and in-house Visa processing.
As the account holder and platform provider, Contis also retains full responsibility for account creation, KYC/AML, reconciliation, settlement, cash management and treasury of all accounts on its platform.