Prepaid Financial Services (PFS) Ltd, an alternative banking provider and e-money issuer today announced that they will continue to welcome all API developers who are looking to integrate their solution into a full end to end banking platform that can support current accounts, SEPA payments, Faster payments and merchant acquiring solutions.
In recent weeks a number of Banking providers have confirmed that they will put their Public API developer plans on hold. When asked if Prepaid Financial Services would be following suit CEO, Noel Moran, replied: "As the demand for our current account and payment solutions continues to grow, we have no intention of scaling back on the time or resources which we have previously dedicated to our API development. We have invested heavily over the past 3 years in additional API development to specifically support this aspect of our business. We have a large dedicated experienced API team and the recent Acquisition of Spectre IT Technologies has further strengthened our offering in this area."
PFS has a strong technology background and has developed a multi-module API suite that can be easily integrated. PFS support over 2000 live clients, a substantial proportion of whom have chosen to integrate to our real-time API, allowing them to utilize their legacy systems and provide them more control than a standard hosted solution.
Moran continued: "At PFS, we believe that we need to continue to support API development, especially in the increasing areas of e-commerce and mobile payments. Our API development will further enhance new applications and systems beyond those currently available. To date, PFS have API's which support SEPA payments, UK Faster Payments, UK Direct Debits, UK Current Account Switching, prepaid card and e-wallet issuing, Voucher and e-money issuing, E-money Wallet Sponsorship, single and multicurrency." The PFS Multicurrency API has been redeveloped recently to empower banks and Foreign Exchange Bureaus to embrace the concept.
PFS attribute much of their recent success to innovative partners who have chosen to capitalise on the value of the PFS real-time API.
With the tier 1 banks heavily investing in Fintech start- ups, PFS provide the perfect infrastructure to build proof of concepts and embrace the ever-changing landscape of the Challenger Bank sector.
PFS currently employs 145 staff and have offices across 4 locations and 3 Countries.