PSI-Pay is a UK-based banking alternative company that helps business manage their financial affairs via the support of an Financial Conduct Authority regulated organization and a credit card. Since opening up for business in 2007, PSI Pay has become known for transparency, efficiency, and clarity. In 2009, PSI became a Principal Issuing Member of MasterCard International. In 2011, they were able to get an authorized Electronic Money Institution license which meant that they from thenceforth able to issue electronic money throughout the EU.
And in 2014, they first became capable of offering MasterCard services EU-wide. In 2016, it effectively enabled the first ever contactless payment ring. At that time it partnered with Kerv Wearables to get contactless payment services to 38 million locations throughout the world. The partnership meant that Kerv members could start making online and in-app purchases with a virtual card. Kerv also had an option for a prepaid virtual card for higher-value transactions. PSI provides its services to partner companies, which allows that company to more effectively concentrate on its day to day business.
PSI effectively handles all things MasterCard-related, including reporting, settlement, approvals, compliance, AML mandates, and audits. As these businesses do their thing, PSI is committed to letting their end of the deal run smoothly. PSI is led by three very able leaders: Phil Davies, The Managing Director. Davies began his career with MasterCard Worldwide in 2003. He was with them until 2010 joined the PSI team as an advisor; Tony Davis, The Finance Director. Davis’ entire career has been spent as an accountant for several different companies since 1977. He has been with PSI since 2008; Craig James, Director. James is a hugely respected personality in the UK finance industry. He has much experience as a Financial Services Compliances/Regulatory specialist. He is also extremely learned and trained in e-money and payment services.
For details: www.duedil.com/company/gb/05899168/psi-pay-ltd