Frog portfolio company Modulr –– the Payments-as-a-Service API Platform –– has recently made a strategic step forward as they revealed their new physical cards to the public following popular demand from their client base.
The freshly-released physical cards complement their existing virtual card programme and is an added feature that “completes an end-to-end one stop solution for an entire card issuing programme.”
Through the physical cards, clients are now able to manage all their payment needs through the Modulr platform. Clients can now also issue physical cards with fully customisable brand design, together with 3D Secure as default. The card likewise offers controls including instant notifications and card freezing.
“Each card is natively connected to a digital account, which has a sort code and account number, and the wider Modulr infrastructure, enabling clients to leverage the company’s status as an EMI (E-Money Institution) and its direct participation in payment schemes, as well as the use of features including virtual cards and GBP and EUR, all at the touch of a button,” explains Modulr.
Myles Stephenson, Chief Executive and founder of Modulr, says: “We believe traditional wholesale and commercial transaction banking services can be simplified – that’s why we’ve built the Modulr platform to be a one stop solution payments hub, Businesses can launch card programmes easily but also benefit from the wider product set including direct access to major UK schemes the latest innovations like Payment Initiation and Confirmation of Payee at the touch of a button. The cards are well and truly in our clients’ hands.”
On the other hand, Paul Smith, Morses Club CEO and a Modulr cards customer, comments: “The move to Modulr is a significant step forward in our strategy to invest in our digital infrastructure. Not only will Modulr be a more reliable provider for our U Account customers, but the superior technological capabilities of the platform will allow them to access a service offering not typically available outside of mainstream banking providers.
You can learn more about Modulr’s new card programme here.
