MTB Bank

What is MTB Bank and what do they do?

MTB Bank, also known as Mountain Bank, is a financial institution that offers a range of payment services primarily focused on the needs of businesses. Based in the United Kingdom, MTB Bank specializes in providing merchant accounts, payment processing solutions, and financial products tailored for businesses that require efficient and reliable transaction capabilities.

The core payment services of MTB Bank include:

• Merchant acquiring solutions that enable businesses to accept payments via credit and debit cards.
• Payment gateway services that facilitate online transactions securely.
• International payment services, allowing businesses to process payments in multiple currencies.
• Customized financial solutions catering to the specific needs of small and medium enterprises (SMEs).

Through these offerings, MTB Bank aims to enhance the payment processing experience for its clients while ensuring smooth and secure transactions.

Who is it for?

MTB Bank serves a diverse range of industries, including retail, eCommerce, hospitality, and professional services. It is particularly beneficial for small and medium-sized enterprises (SMEs) that require flexible payment solutions to manage their financial operations efficiently. The bank provides services to businesses operating primarily in the UK and EU, ensuring they have access to dependable payment processing that supports growth in their respective markets.

Why do businesses choose MTB Bank?

Businesses select MTB Bank for a variety of verified strengths and benefits that facilitate efficient payment processing and enhance overall financial management. Some of these advantages include:

• Competitive Fees: MTB Bank offers transparent pricing structures, which can be advantageous for businesses looking to minimize transaction costs.
• Quick Setup: The onboarding process for new clients is designed to be straightforward and efficient, allowing businesses to start processing payments without delay.
• Comprehensive Support: MTB Bank provides dedicated support services, ensuring that clients have access to assistance whenever needed.
• Advanced Security Measures: Employing robust security protocols to safeguard financial transactions reassures clients about the safety of their operations.
• Flexibility: MTB Bank's solutions are tailored to accommodate a wide array of business needs, making it easier for businesses to scale their payment systems as they grow.

Businesses using Corefy can simply obtain a MID from MTB Bank and connect it to Corefy’s dashboard in a few clicks, without dealing with any integration work.

Is MTB Bank trustworthy?

MTB Bank is subject to regulation by the Financial Conduct Authority (FCA) in the UK, ensuring that it adheres to stringent compliance and legal standards. As a licensed financial institution, it must follow strict anti-money laundering (AML) practices and know your customer (KYC) regulations.

The bank implements advanced security measures, including encryption and fraud detection systems, to protect sensitive financial information and maintain the integrity of transactions. These established security protocols help to foster trust and confidence among its clients, confirming MTB Bank's commitment to maintaining high standards in financial services.