The Monneo card issued by Railsbank gives an ecommerce merchant the opportunity to link one card to several IBANs at multiple different banks. It does this by unifying numerous IBAN accounts under one application and agreement. As such, a company will be able to link one card to the combined balance of all its IBANS held at different banks across the Monneo European banking network.
The card is an addition to Monneo’s existing platform which connects thousands of online merchants to a network of EU and international banks to provide virtual IBANs and banking services. Merchants will benefit from only having to work with Monneo, via a single agreement they will have access to multiple IBANs and a Corporate Visa card giving choice and flexibility across a banking network without the need to change or manage multiple providers.
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