Functionality of current accounts.

As a European Payments Council Scheme Participant, as well as under our provider’s who has a private commercial agreement in the UK, Streamflow can offer a complete current account offering to our customers in the UK and anywhere within the European Union. Our robust prepaid current and business accounts solutions provide a real alternative to traditional accounts – rather than having to deal with transactions in cash or cheques, customers can now accept payments to be transferred directly into their prepaid card account. Furthermore, recurring payments can be set up directly from the account, allowing greater peace of mind in knowing that payments are being made automatically.

European Union Solution:

Streamflow can be able to turn e-wallet or prepaid card accounts into current accounts in the 19 countries of the European Union. We do this by assigning individual IBAN numbers to each account.

Functionality of IBAN accounts include:

Enabling SEPA payments
Salary payment direct to the account
Public funds payments direct to the account
Payment of bills online and transfer funds
Set up standing orders
Cash withdrawal, available via ATMs worldwide
Mobile payments
Secure online account – accessible 24/7
Real time SMS alerts to users once payments hit the account

UK solution:

In the UK, Streamflow prepaid and e-wallet accounts can have their own unique account number and UK sort code attached to them.

Functionality of our UK accounts include:

Salary payment direct to the account
Public funds payments direct to the account
Payment of bills online and transfer funds
Set up standing orders and Direct Debits directly from the account
Cash withdrawal, available via ATMs worldwide
Mobile payments
Secure online account – accessible 24/7
Real time SMS alerts to users once payments hit the account

Streamflow EAD is the programme manager and an EMD Agent regulated and authorised by the Financial Conduct Authority, reference number 902822, acting on behalf of PayrNet Limited who is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution registration number 900594. Streamflow EAD is the programme manager and an authorised Intermediary, acting on behalf of UAB "PAYRNET" - a company incorporated in the Republic of Lithuania (company number: 305264430 with its head office at AltSpace, Islandijos str. 6, LT-01117, Vilnius, the Republic of Lithuania and its registered office at Girulių str. 20, LT-12123 Vilnius, the Republic of Lithuania. PayrNet is an Electronic Money Institution (“EMI”) and is authorised by the Bank of Lithuania under the Law on Electronic Money and Electronic Money Institutions (license no 72, authorization code LB001994, issued on 2020-08-28) for the issuing of electronic money and provision of the related payment services. Streamflow EAD is certified with BDS EN ISO 14001:2015, EN ISO/IEC 27001:2017, BDS EN ISO 9001:2015.