Company · About B4B Payments

From prepaid cards to a financial platform for business.

B4B Payments has evolved from prepaid cards to a broader financial operations platform for direct businesses and platform partners with more complex needs.

Company timeline

20 years of building financial infrastructure.

2006 - Founded

Founded as Payment Card Solutions (PCS). One of the first companies in the UK to build prepaid expense solutions for businesses.

2008–2017 - Expanded

Expanded into payroll disbursement, incentives, rewards, and corporate expense management. Built partnerships across travel, charity, education, and financial services.

2018 - Rebranded

Rebranded as B4B Payments to reflect a broader vision beyond prepaid cards.

2020 - EMI licences in the UK and EU

UK Electronic Money Institution licence (Ref: 930619) granted by the FCA, and EU EMI (Licence No: 76) granted by the Bank of Lithuania.

2020–2021 - Banking Circle and US

Became part of the Banking Circle Group with full banking licence and leading payments infrastructure. Expanded into the US.

2023–2026+ - Platform evolution

Evolving into a full-stack financial platform with accounts, payments, FX, cards, and spend management, powered by Banking Circle.

Leadership

The team behind B4B Payments.

Tom Jennings, Chief Executive Officer (Global)

Tom Jennings

Chief Executive Officer (Global)

Over 20 years in the payments industry, including as Managing Director of one of the UK's largest EMIs and Head of Issuing at Banking Circle. Tom leads B4B Payments globally.

Kieran Draper, Chief Executive Officer (USA)

Kieran Draper

Chief Executive Officer (USA)

Kieran leads B4B Payments' US operations from Boston. He brings senior leadership experience from Capgemini and Ernst and Young across financial services and technology transformation.

Matt Hart, Chief Technology Officer

Matt Hart

Chief Technology Officer

Matt has extensive experience building and delivering payment technology solutions at scale. He leads B4B Payments' technology platform, including card processing infrastructure.

Luke McAlpine, Chief Product Officer

Luke McAlpine

Chief Product Officer

Luke leads product strategy and development at B4B Payments, bringing experience from Visa, Thought Machine, and HSBC.

Ken O'Shaughnessy, Chief Operating Officer

Ken O'Shaughnessy

Chief Operating Officer

Ken leads B4B Payments' operations, with extensive experience in card payments and prepaid solutions.

Paul Newman, Head of Finance

Paul Newman

Head of Finance

Paul leads finance operations at B4B Payments, with previous experience across financial services.

Connect with the B4B Payments team: linkedin.com/company/b4bpayments

Our values

What drives the team behind B4B Payments.

Ownership & Accountability

We take responsibility for outcomes, not just tasks.

Drive, Ambition & Initiative

We move fast, think big, and don't wait to be asked.

Positive Mindset & Resilience

We solve problems with energy, even when the path isn't clear.

Collaboration & Trust

We work together openly - with each other, with customers, and with partners.

Customer & Commercial Focus

Every decision starts with the customer and ends with value delivered.

Awards (2024-2025)

Recognised across the industry.

2025

Banking as a Service Platform of the Year

FSTech Awards

2025

Fintech Partner of the Year

UK Fintech Awards

2025

Best Business Payments System for SMEs

PayTech Awards

2025

Best Cross-Border Payments Service

Payments Awards

2025

Partnership Award

Global Fintech Awards

2025

Excellence in Gift Cards

IMA Europe Awards

2024

Best Bank & FinTech Partnership

Banking Tech Awards

2024

International Payments Excellence Award

Payments Awards

ESG & Sustainability

Environmental commitment.

Physical cards produced using 76% recycled materials, Mastercard eco-friendly certified. B4B Payments has published a Carbon Neutral Plan outlining our commitment to reducing environmental impact across operations and supply chain.

  • Physical cards produced using 76% recycled materials, Mastercard eco-friendly certified.
  • Published Carbon Neutral Plan covering operations and supply chain.
Memberships & Associations

Industry memberships.

Card schemeUK and EU

Mastercard

Principal Member

Card schemeUK, EU and US

Visa

Partner

Industry associationUK

Payments Innovation Forum (PIF)

Member

Industry associationEurope

European Tourism Association (ETOA)

Member

Industry associationUK

Charity Retail Association

Member

Industry associationUS

Innovative Payments Association (IPA)

Board Member

Cyber Essentials Plus
CertificationUK

Cyber Essentials Plus

Certified

Our offices

International presence.

  • United Kingdom

    B4B Payments, 12-18 Grosvenor Gardens, London, SW1W 0DH

  • Europe / Lithuania

    B4B Payments, Didžioji G. 18, Vilnius, LT 01128

  • United States

    B4B Payments USA, Inc, 40 Washington Street, Suite 150, Wellesley, MA 02481

Next step

Get to know the team and platform behind B4B Payments.

Talk to our team, explore what we've built, or find out why businesses with complex requirements choose B4B Payments.