Adyen introduces new card service

By John Reynolds on Friday 15 November 2019

Digital Banking

Adyen said the service will offer the “ultimate in flexibility”.

 Adyen introduces new card service
Image source: Image provided by Adyen

Adyen customers will be able to offer their clients payment cards, as the Amsterdam-based payment company introduces a new service.

Adyen said the prepaid cards- which are offered as physical and virtual cards-can be used online, in-app, in-store and can be integrated into mobile wallets.

Adyen said the cards will meet a number of client needs.

It said the cards gives users "the ability to issue cards for a variety of use cases" such as with online travel agencies to make disbursements to airline and hotel partners.

“Adyen Issuing gives our clients the ultimate in flexibility,” said Pieter van der Does, co-founder and CEO of Adyen. 

“It combines issuing and acquiring in a way that helps them create new and better experiences for their customers. It also helps them operationally behind the scenes — from easier reconciliation of funds to reducing the timeline for payouts to better control over their cash flow. They can offer cards to their customers without needing to go to a third party, eliminating yet another step for them.”

“We’ve been working with Adyen since 2018 to process our customers’ payments and we are thrilled to expand our partnership to issue cards,” said Florian Jensen, Glovo’s Global Fraud & Payments Director. “Adyen Issuing allows us to offer an even easier and smarter buying experience for our customers.”

Adyen, which operates in the UK, processes payments for online partners including Facebook and Netflix.

It allows businesses to accept e-commerce, mobile and point-of-sale payments.

Last year, it went public in one of Europe biggest technology initial public offerings in recent times.

 

 

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