UK-based digital banking platform Starling Bank announced on Tuesday it has formed a partnership with Tribe Payments, which consists a team of industry experts who are dedicated to delivering the future of payments, to provide its customers with real-time access to the UK and European Payment Schemes.
According to Starling, Tribe Payments provides all aspects of payments technology to businesses, primarily issuers and acquirers, that serve merchants and consumers using its modular platform ISAAC. As Europe’s only issuer processor working with Mastercard, Visa and UnionPay International, Tribe offers unrivalled market connectivity. Through the partnership, Starling’s Banking Services will allow Tribe’s customers to benefit from:
- Real-time access to Faster Payments and direct access to Bacs (Direct Debits and Credits)
- Simple integration with Starling’s secure and PSD2-compliant APIs
- Full Bank Grade Accounts with a unique Virtual Account offering
Speaking about the partnership, Julian Sawyer, Head of Banking Services at Starling Bank, stated:
“Starling’s Banking Services continues its growth through our partnership with Tribe. Providing innovative businesses access to cutting-edge banking – both cards and bank to bank payments.”
Suresh Vaghjiani, CEO of Tribe Payments, added:
“In the Open Banking era, connectivity is king. Consumers want to choose how they pay and get paid and in real-time, with all the functionality of a full bank account. Banks, fintechs and payment providers have lacked access to these tools, with legacy systems resulting in complex integrations, delays and unreliable services. With Starling’s Banking Services, we can offer our customers the connectivity and tools to deliver powerful payment experiences via a single API.”