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Transactive Systems
United Kingdom
24 Feb 2017 (8 Years)
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What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Transactive Systems
Company Information
Get to know Transactive Systems
Transactive Systems Ltd. (Transactive) develops transaction processing software that enables single-source access to diverse payment systems such as Visa and MasterCard, Instant SEPA credits in Europe, Faster Payments in the UK, and ACH in North America and more. The company embraces international business, the spirit of PSD2, and exists to create new, more streamlined ways for companies to connect to required payment services in the UK, Europe, and around the world. The company’s primary software solution, Seymour, is a robust payment hub that interfaces with a virtually infinite number of local systems, so that business can send and receive payment over multiple channels, in multiple currencies, and in multiple languages using one universal format. Transactive adds value to its software solution by further by providing eligible businesses with a means to conveniently connect with the key services required to conduct trade: virtual IBANs for SEPA Credits; connection through Seymour to the UK banking system for Faster Payments; with plans to extend access to new systems as they become available.
Industry
- Financial Other ServicePRIMARY
- Financial Payment
- Financial PSP Gateway
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