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EQ Bank strengthens BIN sponsorship business through expanded collaboration with Berkeley Payments
EQ Bank strengthens BIN sponsorship business through expanded collaboration with Berkeley Payment...
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[{"type":"text","content":"\n \n \n \n EQ Bank strengthens BIN sponsorship business through expanded collaboration with Berkeley Payments\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Nov. 7, 2023\n \n \n /CNW/ - EQ Bank and Berkeley Payments are collaborating to launch prepaid cards in\n \n Canada\n \n , leveraging EQ Bank's Card infrastructure. This enables EQ Bank to support the needs of the Fintech community, while enhancing its BIN Sponsorship business, which has been growing steadily since 2022.\n \n \n \n \n \n \n \n \n \n In\n \n September 2023\n \n , together with Berkeley Payments, EQ Bank assumed ownership of 120+ commercial programs for reloadable and non-reloadable prepaid cards from a large\n \n Ontario\n \n credit union. As part of this rollout, prepaid cards of varied use cases (incentive programs, reimbursements, early wage access, etc.) will be managed by Berkeley Payments under EQ Bank's sponsorship.\n \n \n \"Equitable Bank is delighted to serve as an Issuing BIN Sponsor for Berkeley Payments and drive innovative use cases for prepaid cards in\n \n Canada\n \n ,\" said\n \n Mahima Poddar\n \n , Group Head of Personal Banking at Equitable Bank. \"This collaboration will offer Canadian consumers and businesses cutting-edge prepaid solutions and greater flexibility for making payments.\"\n \n \n \"\n \n Berkeley\n \n is thrilled to partner with EQ Bank on prepaid BIN Sponsorship,\" said Berkeley CEO\n \n Lawrence Tepperman\n \n . \"This will enable more competition and options for the Canadian marketplace.\"\n \n \n \n About EQB Inc.\n \n \n \n Equitable Bank—Canada's Challenger Bank™ ...