Crossing borders, removing barriers.
Enabling Caxton’s growth through reliable infrastructure
Caxton combine smart technology with payments expertise to help 600,000 individuals and 6,000 businesses save millions of pounds every year.
A leading EMI and FX provider, Caxton specialise in multicurrency accounts and cross-border payments. Products include multicurrency cards for travel purposes with 0% FX fees, and multicurrency accounts for international transfers with transparent rates and no transfer fees.
SOLUTION USED:
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BIN Sponsorship
The business need
As a respected leader in foreign exchange, Caxton were keen to expand their product offering. They sought to introduce travel cards that would enable customers to transact seamlessly in multiple currencies while travelling.
The expansion required a partnership with a licensed issuer, as becoming a direct scheme member themselves would have meant significant regulatory hurdles and operational complexity. Caxton needed a partner who could provide the necessary infrastructure, so they could maintain focus on their core business and customer experience.
Our long-term partnership ensures that Caxton can offer a payment service that is secure, streamlined and scalable. We look forward to continuing to support Caxton as they continue to grow from strength to strength.
The solution
Caxton opted to use our settlement service exclusively, an ideal solution for companies that prefer not to obtain direct scheme membership. We handle the complexities and regulatory burdens of direct scheme partnership, while Caxton streamlines operations in full confidence that they comply with industry standards and best practices.
Outsourcing settlement processes in this way empowers Caxton to concentrate on delivering the financial products and services that their customers love.
Through our Mastercard Principal Membership, Caxton additionally benefits from our deep expertise in scheme regulations and settlement management. The service means Caxton can efficiently handle payments, reduce operational overhead and enhance reliability.
Our long-term partnership ensures that Caxton can offer a secure payment service that is secure, streamlined and scalable. We look forward to continuing to support Caxton as they continue to grow from strength to strength.
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