SetldPay, a pioneering Card Scheme Program Manager, has strategically partnered with Tribe Payments to enhance its issuer processing capabilities across Europe, aiming to set new standards in payment solutions.
SetldPay, a comprehensive technology-first Card Scheme Program Manager founded in 2023 by David Shewmaker, Stuart Green, and Rebecca Ramaglia, operates across Europe, specialising in Open Loop and Private Label Card Programs.
It aims to streamline operations by integrating best-in-class partners through a singular technical connection and contract. SetldPay’s solutions cater to various prepaid card programs, including gift cards, fuel cards, travel & FX, B2B, and commercial cards.
SetldPay is headquartered in London and collaborates with major card schemes like Visa & Mastercard, alongside two issuers, providing a broad range of expertise in product, compliance, legals, and geography.
On the other hand, Tribe Payments offers robust issuer processing capabilities, including Tribe’s Risk Monitor and 3D Secure solutions, essential for real-time transaction assessment and fraud prevention.
Tribe’s contribution extends to its proprietary Risk Monitor platform, which assesses card transactions against various conditions and global databases, ensuring compliance with AML regulations for EMI license holders. Moreover, their in-house 3D Secure Solution (3DS) offers seamless authentication services crucial for managing online payment risks.
SetldPay co-founder and CEO Stuart Green said, “We were repeatedly told by issuers, processors and schemes in the payment space that the market is crying out for a good Program Manager to facilitate bringing Payment Programs to fruition.
“So we’ve built what we believe is best in class technology with partners like Tribe to enable that but we’re taking it to a whole new level of automation, so that we can concentrate on the important things like customer satisfaction, program development and a constant improvement of tech and service.”
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