Treezor combines cards with multiple accounts

FinTech Treezor, a French reference for Banking-as-a-Service (BaaS), recently unveiled a new functionality developed by him. The latter was named Card Account Selection (CAS). It allows to associate a payment card with different accounts. Proposed in BtoB, to companies and FinTechs, it must facilitate the management of the expenses of individuals as well as employees as part of their professional expenses.

FACTS

• The new Card Account Selection (CAS) feature is therefore presented by Treezor as a solution for dynamic allocation of accounts to each payment.

• A payment card can thus be attached to different accounts, promising a flexible solution for card payment management, especially for businesses.

• FinTechs and companies are also the main targets of Treezor as part of the deployment of this new offer. Companies are therefore invited to subscribe to the services in order to optimise the management of the professional expenses of their employees by assigning certain cards and payments to different budgets or accounts. Fintechs are invited to integrate the white label offer.

• End users, consumers or employees of Treezor's client companies and its solution, will be able to choose in real time the account to be debited for each of their transactions.

• Rules may also be predefined to identify a specific account according to the type of transaction (professional travel, purchase of supplies, etc.), the amount or time of the day in which a transaction is made.

• The integration of the solution is presented as simplified, so it can be achieved via an API. The Treezor CAS then guarantees strict transaction security.

ISSUES

• Open innovation to a new target : Treezor is now adapting a service that already existed on the market for private users. Thanks to its status as an actor in Banking as a service, Treezor today addresses its solution in btob but also and above all, offers companies the opportunity to deploy this feature to manage the professional expenses of their employees.

• Streamline and simplify payment : Treezor points out that its CAS functionality allows the end user to no longer need to carry multiple cards. The Treezor CAS automatically selects the appropriate account for its expenses, creating a smooth payment experience.

PERSPECTIVE

• If Treezor now offers an innovative feature in the market for payments and open banking, this type of offer had already been proposed in the past by other players.

• The American payment giant Visa presented, for example, in May 2024, its new Credential Flexible Visa feature. The latter was then submitted as a solution capable of reinventing the use of payment cards by allowing users to choose from different sources of financing during a transaction. The solution made it possible to pick up money from current accounts, loyalty accounts, prepaid debits or even staggered payments.

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