Third Party Payments Launch

BCB Group’s Third Party Payments (3PP) service allows institutional clients to process payments on behalf of other entities, such as paying vendors, partners or customers, while BCB ensures full regulatory compliance across multiple jurisdictions.

The remittance gap

Traditional payment infrastructure was built for a different era: one without continuous treasury movement or always-on settlement requirements. Banking systems that were once market leaders are now museum pieces with legacy technology that hampers rather than facilitates growth.

Our ‘regulation first’ approach means that all our products and solutions – including BLINC and third party payments – are designed to meet the standards of traditional financial institutions.

These include clear segregation of client funds, robust reconciliation and safeguarding processes, multi-jurisdictional oversight and AML/KYC requirements equivalent to banks.

Without access to third party payments, customers may face key pain points that block growth and create more operational complexity. Examples include:

• Operational friction: Capital tied up across multiple providers means manual workarounds and reconciliation complexity – affecting how flexibly and efficiently funds move through the business.
• Settlement inefficiency: Slower flows put greater pressure on liquidity and can lead to delayed movement between entities and corridors and increase treasury overhead.
• Limited scalability: Their existing infrastructure is not built for third party payment models, which leads to difficulty expanding transaction volumes, putting more pressure on margins.

Why this matters commercially

We know that remittance providers typically operate in high-volume, margin-sensitive environments where access to liquidity and settlement timing can have a direct commercial impact.

Infrastructure constraints directly affect growth economics and slow product adoption. Clients need access to third party payments so they can scale transaction volume, improve settlement efficiency, and make full use of BCB’s closed-loop network BLINC.

BLINC is BCB Group’s instant settlement and liquidity network, enabling institutions to move and settle funds in real time, 24/7/365, with lower unit transaction costs.

Clients benefit from:

• Instant settlement between network participants 
• Fee-free transfers across the BLINC network 
• Faster access to working capital and improved liquidity flexibility

BLINC is already used by institutions that depend on always-on settlement infrastructure across multiple currencies and markets.

Without that opportunity, clients face lost revenue opportunities. Prospects are blocked from onboarding and expansion into new corridors is delayed, while additional overheads can also lead to higher operational costs.

What third party payments enable

Third party payments enable clients to process payments on behalf of end users, through infrastructure designed for regulatory-first operational scale – built for multi-entity, multi-jurisdictional models. 

By using faster, more flexible settlement flows with institutional-grade reliability, it removes the type of fragmented infrastructure that can result from legacy payment rails.

Third-party payment capability allows institutions to:

• Act as intermediaries without building their own regulated payment stack
• Scale operations globally using BCB’s multi-currency, multi-jurisdiction infrastructure
• Leverage stablecoin and fiat settlement rails for faster, cheaper cross-border flows
• Ensure compliance with AML, KYC, and regulatory requirements

Why choose our solution?

BCB’s third party payments solution is designed to fit in seamlessly with our existing infrastructure – supporting institutions that depend on instant, compliant settlement set-up built for always-on markets.

As part of our evolving product suite that bridges the traditional finance and digital asset markets, we have developed capabilities that enable clients to:

• Initiate payments for another business or entity
• Route funds through BCB’s regulated infrastructure
• Remain compliant across all relevant jurisdictions
• Use both fiat and digital asset rails for settlement 

Our 3PP solution combines operational flexibility with robust compliance controls, growing payment volumes efficiently while delivering a smoother client experience.

The product is designed to support a range of customer use cases, with optional bulk payout functionality for payroll processing. It’s built for payment providers, fintechs and businesses that manage client funds with complex payment flows across global markets.

Key features and benefits

• Dedicated client virtual IBANs (vIBANs) in GBP and EUR for improved transparency and reconciliation
• USD collections and payments supported through a pooled customer account model
• Ability to make and receive domestic and third party payments (e.g. suppliers, consumers, employees).
• Multi-currency capabilities to enable scalable, compliant and efficient international payment operations
•  API-first architecture for seamless integration and automation via existing BCB payment infrastructure
• Enhanced AML and sanctions screening reducing friction from compliance reviews and RFIs
• Flexible account-level controls for banking partners and customers, supporting businesses with complex or underserved payment models
• Ability to provide enriched payer information to reduce RFIs and delays, improving payment success rates

Pricing model

Standard transaction fees apply, either percentage-based, or a fixed-fee based on volume. Pricing aligns with existing first-party payment charging structures, while higher minimum monthly commitments for 3PP customers reflect increased compliance requirements. And the additional product value provided.

Enhanced onboarding includes

• Additional review of client regulatory licences
• Enhanced KYC and AML assessment
• Potential updates to Enhanced Due Diligence (EDD) requirements
• Procedures to specifically screen and onboard 3PP customers
• Procedures to enable/activate 3PP functionality on a customer-by-customer basis

Integration is delivered through the client API, with modifications to existing endpoints, and with HAWK AI transaction monitoring. The banking partner integrations needed are ClearBank NL (EUR), ClearBank GB (GBP) and Lead Bank (USD). 

Use cases for 3PP

BCB has identified some examples of key third party payments use cases to highlight its capabilities and value to deliver a more efficient flow of funds.

Corporate collections

It enables foreign businesses to open local currency collection accounts for counterparties, supporting payment collection via direct bank transfers (B2B) and acquirer settlements (B2C).

Its seamless supplier payouts via SWIFT, stablecoins and FX partners create a more efficient flow of funds, helping to reduce friction in cross-border collections and settlement.

Corporate disbursements

By streamlining global supplier payments from a single infrastructure, this solution combines fiat, FX and crypto-to-fiat on/off-ramp services to improve treasury efficiency. 

BCB’s 3PP solution supports supplier payments via international banking rails and stablecoins, particularly for harder-to-reach markets, reducing settlement delays and enabling digital asset conversion within the payment flow.

Payroll / Gig Economy

By combining SWIFT and stablecoin rails, our 3PP solution enables faster, more scalable global payroll and contractor payments through local payout rails.

Funds can be transferred internationally into accounts held in the client’s name, allowing businesses with high-volume workforce payments to optimise speed, cost and operational efficiency.

Remittances

A remitter transfers money into a BCB network account in source currency, using prefunded accounts or payout partners for destination currency payouts.

This enables faster, lower-cost cross-border fund movement with flexible settlement options and improved liquidity management, with settlement and account balancing via stablecoins or SWIFT.

BCB’s infrastructure in practice

A fast-growing international remittance provider faced operational friction from fragmented banking partners, settlement delays and complex liquidity management, making it difficult to scale globally and deliver always-on payments. 

By partnering with BCB, the client unified fiat and stablecoin settlement within a single compliant infrastructure using BLINC. The effect was to reduce dependence on correspondent banking chains, which accelerated cross-border settlement from days to near real time in some corridors, simplified treasury operations and improved liquidity efficiency.

The outcome: faster recipient payouts, lower operational complexity and scalable expansion into new markets.

Next steps

Unlock infrastructure built for operational scale. Speak to the BCB team about enabling third party payments for your business.