REG - Cornerstone FS PLC - Agreement with Mastercard

Cornerstone FSAnnouncement

23/01/2024 07:00

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RNS Number : 5264A  Cornerstone FS PLC  23 January 2024

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23 January 2024

 

Cornerstone FS plc

("Cornerstone" or "the Company" or "the Group")

 

Agreement with Mastercard

Expansion of customer offering to include corporate card scheme

 

Cornerstone FS plc (AIM: CSFS), a foreign exchange and payments solutions
company offering multi-currency accounts to businesses and individuals through
its proprietary technology platform, is pleased to announce that it has signed
an agreement with Mastercard to launch a corporate card scheme.

 

Under the agreement, Cornerstone will be able to issue commercial cards
co-branded and supported by Mastercard for the Group's corporate customers.
The Group expects to launch the corporate card scheme during Q3 2024.

 

This represents execution on the Group's stated strategy to expand the payment
methods offered to customers and to enhance its capabilities through
establishing partnerships.

 

James Hickman, CEO of Cornerstone, said: "We are thrilled to have entered this
long-term agreement with Mastercard, which will expand our product offer to
include commercial cards. This additional payment rail will provide our
customers with greater choice and flexibility in managing their business
expenses - and it is a key step towards our goal of offering our clients the
ability to pay in or pay out, in any currency, via any payment method anywhere
in the world."

 

 

Enquiries

 

 Cornerstone FS plc                            +44 (0)203 971 4865
 James Hickman, Chief Executive Officer

 Judy Happe, Chief Financial Officer

 SPARK Advisory Partners Limited (Nomad)       +44 (0)203 368 3550
 Mark Brady, Adam Dawes

 Shore Capital (Broker)                        +44 (0)207 408 4090
 Daniel Bush, Tom Knibbs (Corporate Advisory)

 Guy Wiehahn (Corporate Broking)

 Gracechurch Group (Financial PR)              +44 (0)204 582 3500
 Harry Chathli, Claire Norbury

 

 

About Cornerstone FS plc

 

Cornerstone FS plc (AIM: CSFS) is a foreign exchange and payments company
offering multi-currency accounts and payment solutions to businesses and
individuals. Headquartered in the City of London, Cornerstone combines a
proprietary technology platform with a high level of personalised service to
support clients with payments in over 150 countries in 58 currencies. With a
track record of over 12 years, Cornerstone has the expertise, experience and
expanding global partner network to be able to execute complex cross-border
payments. It is fully regulated by the Financial Conduct Authority as an
Electronic Money Institution through its wholly owned subsidiary company
Cornerstone Payment Solutions Limited. www.cornerstonefs.com
(https://url.avanan.click/v2/___http:/www.cornerstonefs.com/___.YXAxZTpzaG9yZWNhcDphOm86YTU1M2E3ODJmZjg3MmE5ODI5ZjE2NjFiZjcxZjkwNmM6NjpmMTRlOmJmNjU4NGI4NDcxZGQ4MmJiZGUyNjhjMzBlNzQ4NzlhMGExNzM5MzMzMjQ2MzkxMmRmZjhlNGRiNzA0ZjE4Y2U6cDpU)
 

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