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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”

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News & Insight

Contis joins Sunday Times Tech Track 100

Contis, has joined the 18th annual Sunday Times Hiscox Tech Track 100 league table, after growing over 60% annually for the last four years.

Published on Sunday 9th September, the Tech Track 100 for 2018 showcases Britain’s private technology, media and telecoms companies with the fastest-growing sales. For Contis, the fast-growing payment services provider, it’s a validation of success in it’s tenth year. Contis offers an innovative portfolio of alternative banking and payments services powering alternative banks, cryptocurrency exchanges and other financial institutions.

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