Credorax Bank Limited

Credorax Bank Limited is a Malta-based credit institution focused on merchant acquiring and payment processing, operating under the Finaro brand since a rebranding and becoming part of Shift4 in 2023. It is regulated by the Malta Financial Services Authority within the EU prudential framework applicable to Maltese banks and must comply with PSD2, card-scheme rules, and relevant AML/CFT requirements. The bank’s core offering centers on e-commerce and omnichannel card acceptance for major schemes, multi-currency acquiring and settlement, cross-border processing within permitted jurisdictions, and APIs for gateway integration. Typical features include 3-D Secure 2 and SCA support, tokenization and card vaulting, recurring and installment billing, fraud-screening tools, chargeback and dispute management, settlement reporting, and pay-out capabilities via SEPA and SWIFT. Commercial terms are bespoke and commonly structured on interchange++ or blended pricing, with additional scheme, cross-border, and chargeback fees; reserves, rolling reserves, and settlement delays may be applied based on risk. Onboarding is documentation-heavy with remote KYB and risk underwriting, and timelines vary by industry and geography. The institution does not operate a retail branch network and is not positioned as a consumer bank; it provides merchant settlement accounts and corporate IBANs rather than everyday personal accounts. As a Maltese credit institution, eligible deposits fall under the Malta Depositor Compensation Scheme up to €100,000 per depositor, though contractual treatment of merchant reserves and settlement balances may differ. Service availability, supported industries, and limits are subject to licensing, scheme membership, and local regulatory constraints.