Physical Bancore Card
One of the most unique features in Bancore is the technology platform which allows for the creation of virtual prepaid Bancore Virtual VISA® or MasterCard®. Bancore's agreements with local banks to act as BIN-sponsors are the key to our virtual prepaid cards - and also allows Bancore to issues physical, prepaid VISA® or MasterCard®.
A Bancore user can order a personalized prepaid physical Bancore VISA® or MasterCard® by ordering from the Bancore end user site and have the card delivered to the end user's home address.
Preferred Customer Card
For end users who want to purchase and prepay their physical prepaid Bancore VISA® or MasterCard® through one of the more than 500.000 participating stores, it is possible to obtain a Bancore Preferred Customer card which is issued by matching the physical card to an existing Bancore account with the correct level of KYC information for the end user.
The Preferred Customer Card also presents Bancore retail partners with a number of opportunities to partner up for co-branding activities.
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.