PerfectCard Joins Banking Circle
PerfectCard has joined Banking Circle to streamline payment reconciliation. Financial utility, Banking Circle, provides financial services infrastructure, helping banks and fintechs to provide their customers with fast and cost-effective banking and payment solutions, without having to make significant investment in in-house systems.
PerfectCard, a Mastercard scheme member and Ireland’s first authorised eMoney institution, provides the business sector with two products: Perx Reward, an employee reward platform; and Pecan Expense, a business expense tool. Both products come with pre-paid debit cards as a key part of their offering. PerfectCard’s smart financial products also include a shopping centre gift scheme, PerfectCentre.
By joining Banking Circle, PerfectCard is capitalising on the benefits of Banking Circle Virtual IBAN to help its Perx and Pecan customers send and receive payments anywhere in the world, at low cost and in real-time. Banking Circle Virtual IBAN gives PerfectCard a Master IBAN account and allows the company to assign a Virtual IBAN account to each client, in their client’s name. Pointing the card scheme flow for both Perx and Pecan to the relevant Virtual IBAN helps with reconciliation of inbound flow. This solution streamlines the payment process.