Please confirm you are eligible to work in the UK

News & Insight

Contis launches buffer account to revolutionise the delivery of loans

Contis, today launches its Buffer Account, an innovative new configuration of our award-winning platform that enables customer transactions to be authorised and settled from a secondary account when existing funds are insufficient.

The buffer account is set to reshape the provisioning of loans by giving clients the ability to offer approved credit facilities to settle a customer’s transactions when funds in their account are insufficient. For example, if an account holder wants to spend £200, but only has £100 in their account, Contis’ platform will seek funds from the loan provider in real-time to allow the transaction to occur.

The launch represents a direct challenge to areas of the payments ecosystem traditionally dominated by credit card providers. It can also be used to fund corporate expense cards, enhancing a business’ ability to control employee expenditure by setting a specific draw-down limit per card instead of pre-loading cards with available funds.

The introduction of the buffer account is the latest innovative development from Contis’ award-winning, legacy-free banking and payments platform, which processes payment card transactions in real-time on both UK and SEPA payments ‘rails’.

Commenting on the launch Flavia Alzetta, Chief Executive Officer, said: “I am delighted to announce the launch of the Contis buffer account. It is yet another innovative development that demonstrates the power of our end-to-end banking and payments processing platform.
“This new functionality has the potential to reshape the payments ecosystem whilst also delivering our customers a frictionless experience and the flexibility to manage their finances more effectively”

Go Back
News & Insight

Contis shortlisted for Card & Payments Awards 2019

We are delighted to announce we’ve been shortlisted in three categories at the Cards and Payments Awards 2019.

The  categories are: Social Inclusion in Financial Services, and Best Initiative in Mobile Payments – both for our Engage partnership with Samsung Pay – as well as Best Industry Innovation of the Year, for our landmark partnership with Wirex.

We are looking Forward to the dinner and ceremony on February 7 next year.

Read More
Awards

We are proud to have won some of the most prestigious awards in our industry.

  • Awards
  • Awards
  • Awards
  • Awards
  • Awards
  • Awards