What is Issuing BIN Sponsorship?

Issuing Banking Identification Number (BIN) sponsorship is a quick alternative for companies looking to build a scalable payments product and get their proposition to market. BIN sponsors issue BIN ranges to enable companies wishing to offer payments solutions to their customers.

 

Working with a principal scheme member like Moorwand ensures that your programme adheres to the Scheme rules and regulatory requirements. Moorwand guides you through the BIN set up process, performs the scheme and regulatory reporting, performs compliance as an ongoing task, all to help you deliver a compelling programme – rapidly and in accordance with scheme and regulatory requirements.

Key Features

Ease

With Principal Membership we support companies without the need for them to become a direct scheme member.

Access

We provide access to different Schemes including Mastercard, Union Pay International and JCB. We are partner agnostic, from processor through to card manufacturer and can introduce our clients to specialist industry providers

Scalability

We strive to enable innovation, to support and help shape scalable payment solutions to be Scheme and regulatory compliant.

Control

It's simpler and safer to lean on our specialist BIN sponsorship services in order devote your efforts on creating the payments solution of the future, with the peace of mind that you are in safe hands.

Flexible

There’s no one size fits all in BIN Sponsorship, so we work with you to understand your business model and find the best solution for you.

Partnership

We are a collaborative partner with decades of legal, regulatory and payment expertise distilled into our suite of services available.

Uncomplicated payments

In the increasingly complex world of payments legislation, Moorwand offers simple, honest and transparent BIN sponsorship solutions. It is all about flexibility, transparency, operational efficiency.

Whether you are a regulated Electronic Money Institution requiring scheme membership access or a business needing both scheme membership and use of Moorwand’s e-money license, there is a solution ready for you.

Need BIN sponsorship for your business?

Let's talk about your project and one of our experts will help you