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PFS Continue their Expansion and Welcome API Developers to Integrate with Their Core Banking Platform in Light of Various Competitors Withdrawing the Service

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API Solution

Prepaid Financial Services (PFS) Ltd, an award winning alternative banking provider and e-money issuer today announced that they are signing up over 5,000 new customers every working day and 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.

OTHER NEWS AND MEDIA

Irishman Launches €1Million Fund To Help New InnovatorsPFS Launch €1Million Innovation FundMajor Recruitment Drive Announced for NavanMoneymailme Partners with PFS to launch virtual and physical cards Prepaid Financial Services (PFS) is Delighted to Announce that it has Received the Queen's Award for Enterprise, in Recognition of the Exceptional Growth and Commercial Success Achieved Over the Past Three Years PFS Continue their Expansion and Welcome API Developers to Integrate with Their Core Banking Platform in Light of Various Competitors Withdrawing the Service Prepaid Financial Services (PFS) Awarded the North-East Procurement Organisation (NEPO) Framework for Prepaid Card Accounts PFS to Become the Largest Individual Manager of Prepaid Card Programmes for the Distribution of Government Solutions in the UK Prepaid Financial Services (PFS) Acquires Software Development House Spectre Technologies Limited London's Shared Service Alliance of Hammersmith & Fulham, Kensington and Chelsea, and City of Westminster Appoints Prepaid Financial Services (PFS) to Manage its Direct Payments Prepaid Card Programme Torbay and South Devon NHS Foundation Trust Appoints PFS to Manage Its Direct Payments Prepaid Card ProgrammeRed Cross Provide Prepaid Solution to Support RefugeesVPNsandmore.com Extends Partnership With PFS to Launch Direct Debit Solution for its International Clients Prepaid digital money programme rolled out for aid organisation Prepaid Financial Services (PFS) Pick Up Prepaid Service Provider of the Year at Prepaid Summit Europe 2016 AwardsPrepaid Financial Services (PFS) Announce Results of Their Award-winning Prepaid Solutions for Events and FestivalsPrepaid Financial Services (PFS) announces circa 60%+ growth in turnover and profit for half year to 30.6.2016 Prepaid Financial Services (PFS) Announces the Creation of 50 New JobsEthical Belgian cooperative society NewB selects PFS to provide first productLargest Slovenian bank NLB partners with PFS for prepaid contactless programmeBacs supports PFS to become the first non-bank entity to enable current account payment switchingPFS selected to roll out a National Government payment card programme for Asylum Seekers in Europe