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What is a C2B account offered by Blackthorn?
What is a C2B account offered by Blackthorn?
Updated over 2 years ago

It is an additional payment account that Blackthorn Finance offers only for financial institutions clients to collect funds specifically related to their customers out of the company's payment account*.

This account will be held in your name including the words “CTB account” and the funds placed there shall be used to collect funds from your clients and/or Liquidity Providers to execute future payment transactions within a period of time defined in accordance with our T&Cs.

*This account IS NOT a safeguard account offered by banks to segregate client money from operational funds and to block access to this money by third parties, keeping the funds safeguarded. It is just an additional facility that Blackthorn offers for you.

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