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We work with 100’s of global regulated financial service providers, giving them access to major payment service rails in GBP, EUR and more.
Virtual accounts
Reconciliation of
account receivables
Virtual IBANs (vIBANs) let institutions identify, route and reconcile incoming payments automatically. Each vIBAN is linked to a company-named account held with Clear Junction, enabling precise mapping of funds to senders, merchants or partners under a single regulated infrastructure.
vIBAN: Merchant A
vIBAN: Partner B
vIBAN: Corridor C
Company-named Master Account
Clear Junction
Purpose
Clear Junction issues vIBANs to help financial institutions manage large volumes of inbound and outbound payments with clarity and control. They are used to attribute payments, simplify reconciliation and maintain full transparency across client and merchant flows.
Built for
PSPs and EMIs reconciling high volumes of incoming client payments
Remittance and Pay-out operators tagging transactions per corridor or partner
Banks and FIs managing multi-entity or multi-region collections
CASPs using fiat rails for compliant on/off-ramp models
What you get
Unique virtual IBANs linked to a company-named GBP or EUR account
Sender, merchant or partner-level mapping for automated reconciliation
Instant posting via Faster Payments and SEPA Instant, subject to scheme availability
Real-time notifications for credits, returns and exceptions
Configurable references and metadata for internal reporting and MI
API-driven creation and management with full audit history
Virtual IBAN issuing
How it works
STEP 01
Assign vIBANs to your structure
Clear Junction assigns virtual IBANs to your chosen structure — partner, merchant or use case.
STEP 02
Receive into your named account
Payments received to a vIBAN automatically credit your company-named account.
STEP 03
Reconcile in real time
Reconciliation occurs instantly, with alerts for unmatched or returned items.
STEP 04
Access data and statements
Data and statements are available through dashboard, API and export formats.
Why institutions choose Clear Junction
Regulated EMI framework covering UK and EU payment schemes
Company-named master account structure
Automated reconciliation and clear audit evidence
Flexible vIBAN assignment per sender, partner or use case
Scheme-level visibility for Faster Payments, CHAPS, SEPA and SEPA Instant
Reporting aligned to treasury and safeguarding standards
Virtual IBANs for institutions that need precision at scale
FAQs