Latest news with #Cardstream
Finextra
6 days ago
- Business
- Finextra
Cashflows joins forces with Cardstream
Cashflows, the platform that makes it easy for businesses to accept payments, and Cardstream Group, the UK's leading independent Fintech provider, have entered into a strategic partnership to accelerate Cashflows embedded payments solutions for Independent Sales Organisations (ISOs), software platforms, Independent Software Vendors (ISVs) and Payment Facilitators (PayFacs) across the UK and Europe. 0 The strategy unites Cashflows' expert acquiring capabilities with Cardstream's market leading PFaaS infrastructure to dramatically simplify the launch and growth process for PayFacs, aspiring PayFacs, ISOs and ISVs in the market, by managing complex regulatory, compliance, and operational requirements on their behalf. PFaaS is redefining how embedded payments are delivered, giving PayFacs the tools to deploy payment services rapidly and seamlessly, with Cardstream already achieving success in many markets. As Cashflows has identified similar demand in the UK and Europe for flexible, integrated payment experiences, deploying Cardstream's PFaaS provides an end-to-end managed service that includes onboarding, compliance, merchant activation, and transaction processing—allowing the opportunity to monetise a payment facilitator model from the outset. "Our collaboration with a best-in-class partner like Cardstream, helps us to remove the complexities of embedded payments for platforms and PayFacs by providing a modular approach that removes technical barriers while empowering them with greater control over their payments," stated Hannah Fitzsimons, CEO of Cashflows. "By leveraging our in-house expertise, we're enabling them to evolve, thrive and concentrate on what truly matters: innovation and growth." 'As the embedded payments space continues to accelerate, we're seeing Acquirers, Schemes, Platforms, and Financial Institutions increasingly having to choose either build, buy, or partner,' said Adam Sharpe, CEO of Cardstream Group. 'Given the complexity, many are now turning to trusted, best-in-class partners with robust Fintech-as-a-services offering, such as those that Cardstream offers. This shift is driving significant growth in strategic collaborations across the industry.' In a market where embedded finance is becoming a strategic priority, Cashflows and Cardstream's combined expertise stands out by providing speed, compliance assurance, and commercial flexibility, without the usual infrastructure or licensing burden. Together, it sets a new standard for embedded payments—giving ISVs, ISOs, Platforms and PayFacs in the UK and Europe, everything they need to scale confidently in a highly regulated environment.
Finextra
07-05-2025
- Business
- Finextra
Cardstream forges open banking pact with Mastercard
Cardstream, a leading fintech, has partnered with Mastercard to enhance its white-label Payment Facilitation-as-a-Service (PFaaS) platform and enable its customers to offer open banking payments to merchants and retailers across the UK. 0 With this innovation, acquirers, payment facilitators, and payment channels using Cardstream will be able to offer their merchant customers the option to accept open banking payments alongside other forms of payments such as debit and credit cards. The new solution expands payment choice for businesses and consumers in the UK, supporting single immediate payments (SIP) and preparing for commercial variable recurring payments - a new payment method that will allow people to pay for recurrent bills directly from their bank account - as they expectedly roll out across Europe, including in the UK, by late 2025. Built on Mastercard's secure Open Banking technology, the platform ensures seamless bank connectivity and a smooth consumer transaction experience. Meanwhile, Cardstream's proven PFaaS and gateway technology efficiently processes, collects, and disburses open banking transactions to merchants. Adam Sharpe, CEO of Cardstream, said: 'There's strong demand for open banking payments as a secure and convenient way to pay alongside cards. We've long collaborated with Mastercard on innovations like network tokenization and Click to Pay, and we're excited to offer a turnkey solution that lets payment providers launch branded Open Banking Merchant Services quickly.' Valerie Nowak, Executive Vice President, Head of Open Banking, APEMEA at Mastercard, added: 'The open banking market is set for significant growth in Europe. Our commitment is to foster an innovative, accessible, and secure payments ecosystem. By empowering Cardstream, we can support both issuing and acquiring customers with a comprehensive open banking solution and thereby enhance payment choice for their customers.
