Creating a regulator-approved concept to issue virtual credit cards across Europe

Description

Our client is issuing credit cards and operating bank accounts in multiple countries in Europe. The client was planning on rolling out its virtual credit card (VCC) product, which was only available in Spain at that time, into all other markets.

As part of our consulting assignment, we have developed a concept to issue VCCs across all European markets. The concept included security measures and new processes to comply with all local PSD2-based regulations. Because of the nature of a VCC, we managed to design a new product, which is easier to use and does not need to comply with all SCA requirements of the PSD2.

The concept was approved by all regulators in all issuing countries in the first iteration.

Services

Technology

Mastercard VCC PSD2 SCA Risk Management Risk Mitigation PCI-DSS