PFS (a company of EML) is excited to highlight a range of product enhancements designed to accentuate the competitive advantage of disruptive FinTechs aware of Banking-As-A-Service (BaaS) trends in the European Economic Area. SEPA Direct Debit (SDD) will enable clients across the EEA to take on traditional banks through PFS’ licenses with the Financial Conduct Authority (FCA) and the Central Bank of Ireland (CBI). Additionally, the company announces that SEPA Instant Credit Transfer (SCT Inst)...

PFS (a company of EML) is delighted to partner with The Government of Jersey to enable its unique spend local prepaid Mastercard initiative with 105,000 cards. It forms part of the government’s overall £150 million fiscal stimulus package to help alleviate the economic hardship caused by the pandemic. From today onwards, all eligible citizens in Jersey will be posted their own £100 PFS-powered Spend Local Card that they can use in businesses across the island...