Regulations

The GLOBCOIN® Prepaid Mastercard® is issued by Prepaid Financial Services Limited pursuant to a license from MasterCard International Incorporated. Prepaid Financial Services is regulated and authorised by the Financial Conduct Authority (registration number 900036)  under the Electronic Money Regulations 2011 for the issuing of electronic money and payment instruments. Prepaid Financial Services is owned and operated by a core team with decades of experience in payment card services and banking technology.

GLOBCOIN Ltd is an authorized distributor of Prepaid Financial Services.

 

Settlements

GLOBCOIN®  payments are sent via SWIFT or SEPA.

SWIFT provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardised and reliable environment.

 

Security

Your money is held in ring-fenced client accounts at Barclays. Therefore, if anything should happen to Prepaid Financial Services or GLOBCOIN Ltd., your money would be safe.

All your card transactions are processed through the MasterCard network and are protected by MasterCard rules.

At GLOBCOIN®  your security and privacy is very important to us, so we make sure we keep your information and data private and comply with all relevant legislation.

To ensure your security we store and process your personal information using third party servers located in secure data centres that are protected by firewalls and have restricted access, in compliance with applicable regulations. All communication data between GLOBCOIN®  Mobile Apps, our servers and third parties is 4096-bit TLS encrypted. In addition, Prepaid Financial Services are PCI DSS compliant so that our clients benefit from the highest security standards within the payment card industry.