B2B card issuer Cornercard UK has formed a strategic partnership with Railsbank, an open-banking and regtech platform, to issue Mastercard debit cards in the country.
The partnership, which will make Railsbank a debit card programme manager, will provide the platform’s customers with branded plastic and virtual debit cards that can be used with its accounts and International Bank Account Numbers (IBANs).
With plans for additional alliances over the coming months, Railsbank is currently enrolled under the Mastercard Start Path programme, which will offer operational expertise and introductions required.
Railsbank CEO and Nigel Verdon co-founder said: “This is just one of the many partnerships we will be announcing this year.
“In support of our partnership with Cornercard UK, we will be releasing a rich set of debit card APIs that customers can use to issue and manage their debit cards.”
Cornercard UK CEO Chris Adams said: “Cornercard UK is delighted to be partnering with Railsbank to support its card issuing solutions to its customers via their market leading platform.
“Meeting the fast paced and evolving needs of customers across the FinTech sector requires expert thought leadership and agile creativity and Railsbank co-founders Nigel Verdon and Clive Mitchell have achieved just that.”