Banking & EMI Partnership
Provide the regulated accounts that power tPay365
What We Need
Segregated vIBAN provisioning
On-demand virtual IBAN creation with a target provisioning time of under 600ms.
Safeguarded e-money accounts
FCA-compliant safeguarding of customer funds held in segregated accounts.
Faster Payments and BACS execution APIs
Programmatic payment execution via API for both same-day and batch payment rails.
Balance and transaction webhooks
Real-time event notifications for balance changes, inbound credits, and settlement confirmations.
Yield pass-through at volume thresholds
Mechanism to share yield on safeguarded float balances at agreed volume milestones.
What You Receive
Recurring payroll deposit volume
Predictable, recurring inflows on monthly and weekly pay cycles from employer payroll.
Zero CAC on account creation
Every vIBAN is provisioned as part of employee onboarding — no acquisition cost for the partner.
Clean compliance position
tPay365 handles KYC orchestration and PII isolation. The partner holds funds under their existing licence.
Aggregated float yield opportunity
Significant aggregated balances from ring-fenced vaults generate yield on safeguarded funds.
Custody Model
tPay365 never takes custody of customer funds. All funds are held by the banking partner in FCA-compliant safeguarded accounts. tPay365 issues fund movement instructions via API. The partner executes payments and maintains regulatory responsibility.
tPay365
Issues Instructions
- Vault allocation
- Payment scheduling
- Balance queries
Banking Partner
Holds Funds
- Safeguarded accounts
- Payment execution
- Regulatory compliance
vIBAN Lifecycle
Volume Projections
Illustrative volume model — not a guarantee
| Employers | Avg Employees | Monthly Payroll Volume |
|---|---|---|
| 10 | 50 each | ~£750,000 |
| 50 | 100 each | ~£7,500,000 |
| 200 | 200 each | ~£60,000,000 |
Yield Framework
tPay365 approaches yield-share on a volume-threshold basis. The banking partner retains bulk yield on safeguarded funds. At agreed volume milestones, a share is negotiated and passed through to tPay365 users as synthetic vault yield. Specific terms are negotiated per partnership.