Contis carves out secondary authorisation marketplace with Buffer

Contis, a leading provider of banking, payments and processing solutions, today launched its latest product - Buffer. This product further enhances the differentiating and transformational capabilities of Contis’ platform by allowing card payment transactions to be funded in real-time from a secondary source rather than the main cardholder account.

This is a considerable leap forward for Contis’ clients as it allows their end customers to:

Maintain zero balance transactional accounts
Avoid the stress and friction of having to ‘pre-load’ accounts with funds
Transact instantly with previously non-liquid assets
Have improved access to pre-approved credit lines

So long as there are funds available from a secondary source, declined transactions will be a thing of the past. Sources can include secondary accounts such as savings or master accounts as well as (but are not limited to) cryptocurrency or other non-currency assets. Additionally, Buffer allows access to pre-approved credit lines from third-party providers at the point of transaction.

Flavia Alzetta, CEO of Contis, commented: “I am particularly excited about Buffer as it gives end customers so much more choice, access and control over their finances. It does so, instantly and securely. The product adds further exciting, disruptive capabilities to Contis’ thriving platform.

For more information on how Buffer could help your business, please get in touch here.

-ENDS-

About Contis

Contis is a leading provider of award-winning, end-to-end, banking, payments and processing solutions. Founded in 2008 by Peter Cox, Contis’ proprietary, scalable platform manages both bank and Visa payments in real time through a single account. One of the FT1000: Europe’s Fastest Growing Companies for two years in a row (2018, 2019). Contis has offices in the UK, Lithuania and India providing modular banking solutions to third parties, in addition to a number of branded and white-label banking products, offering full current account capability. Contis benefits from a full licence suite, including FCA and BoL eMoney Licences covering the EEA, and is a Principal Visa member with sponsorship capability.

For more information, contact:

Media contact: Jared Foley, contis@marlinpr.com, T: +44 207 932 5580

Contis: Julian Moore, Head of Marketing, julian.moore@contis.com