Bancore Direct is an innovative online payments platform which allows individuals to pay for goods and services directly from their bank accounts, when making purchases or payments from their mobile, tablet or PC. It is secure and convenient and eliminates the need to use credit and debit cards for such purchases when shopping with participating merchants.
In essence, customers choose ‘Bancore Direct' as the payment method upon check-out, and select his or her bank from a list. The customer is then redirected to the bank's web interface, security credentials are entered and the payment is confirmed. Bancore Direct makes payment simple, easy, and presents minimal cost to customers and merchants. At the same time, payment is secure, guaranteed and processed immediately.
Security & Compliance
Bancore employs the highest standards of security. Bancore's systems are continually monitored by our security team deploying state-of-the-art fraud monitoring systems.
Bancore has obtained a Payment Card Industry Data Security Standard certification (PCI DSS) which is the same as required by banks. Our virtual payment cards are subject to the same security standards and guarantees for funds which are standard to any VISA®or MasterCard®.
Bancore's advanced KYC validation system for transactions ensures full transparency of the identity of users and recipients. This, combined with the transaction velocity system monitoring a range of parameters, allows Bancore to offer a unique best practice authentication platform for high volume markets, including the emerging ones.
Bancore is developing its business in close collaboration with established financial businesses such as VISA® and MasterCard®, who see the importance and potential in developing innovative, mobile solutions for money transfer and payments.