About Vincento
Vincento Payment Solutions Ltd. is an electronic money issuer as
authorised and regulated by the Financial Services Authority (www.fsa.gov.uk) in the United Kingdom.
Vincento is a new breed of bank that manages funds in an
electronic format only. Electronic money, more commonly referred to
as e-money, provides many benefits to its customers and merchants
alike:
- Convenience
- Efficiency
- Privacy
- Security
The benefits of e-money have opened up new business
opportunities not previously available to merchants. Vincento is a
key player in the emerging e-money sector and is establishing
itself as an alternative to the traditional banking model.
Vincento has taken the unique step of developing and owning the
electronic payment process, including card issuing, payment
processing and MasterCard® scheme membership. Vincento
believes this approach provides the control, agility and
flexibility to rapidly adapt to changing market conditions, with
the overall goal of serving the customer best.
Vincento's launch product is a combined online eAccount and
prepaid MasterCard allowing individuals to pay online with an
electronic wallet application, or in the real world using a Chip
& PIN card.
For merchants, Vincento provides an alternative payment solution
with low payment processing costs and access to a large, clearly
defined group of customers: with Kalixa, Vincento currently
services the UK, Germany and Italy, with roll-outs to four
additional countries by Q4 2011.
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