IFSM

To service its European customers after Brexit occurred, Nium (formerly Ixaris) had to apply for an additional license within the EU. Nium successfully obtained a license in Malta bearing the name Ixaris Financial Services Malta Limited, which is regulated by the Malta Financial Service Authority (MFSA).

Subsequently, for any business registered within the European Economic Area (EEA), we must move your account to operate on the Ixaris Financial Services Malta license.

As part of the license change, we were required to set up EU banking accounts to safeguard your funds. As a result, the details used to fund your account (VBAN) will change.

In addition, your card product(s) that were previously under the UK license will change, and you will receive the equivalent EU card product(s).

The new funding account details will be sent to you after the migration email.

Should you misplace this after migration, you can find the details by following the steps in the below link:

[managing-funding-accounts]: (#How do I deposit money to a funding account?)

Any funds sent to the old virtual IBAN will be suspended for manual review, resulting in delays in crediting the designated funding account. You must apply the new IBAN details soon to avoid any potential deposit delays.

Nium, follow all regulations and controls imposed on us by the Malta Financial Service Authority.

The list below provides a complete set of all UK BIN numbers, determined by the first six digits of your card’s number.

478599

542465

555558

460900

543024

555443

460902

525322

555706

463373

552905

555702

All relevant deposit time-frames may be found in our Funding Guide.

Please refer to the Funding Guide here for more information.

Any balances on UK-issued virtual cards should be used before the migration date; the UK-issued cards will be deleted once the migration is complete.

Newly created cards will be the equivalent EU product.

The list below provides a complete set of all UK BIN numbers, determined by the first six digits of your card’s number.

478599

542465

555558

460900

543024

555443

460902

525322

555706

463373

552905

555702

Any remaining balance on deleted cards will be transferred to your funding accounts held with IFSM.

If a card were authorized before the deletion of the UK cards, the purchase would still go through.

Any payments scheduled for a date after the deletion will fail.

You’ll need to update any merchants that have your UK card details on file and give them your new EU card details.

Any refunds received after the change will not be impacted and will be credited to the relevant funding account.

The URL to the NIUM business portal will not change, and you can log in using the existing URL and login credentials.

The login details for your Nium Business Portal will remain the same.

Changing the licensing entity will not affect your integration with Nium.

The reports that Nium provides will not change, and you may access them as you usually do.

Yes, you will still receive the same system notifications. The change in licensing entity will not affect these.

All fees and all charges are listed in your signed contract. Please refer to your contract for further information.

The chargeback process will remain the same, and changing to the EU entity will not impact the chargeback procedure.