eMoney regulations

sQuid is registered with the FCA (UK) as a Small eMoney Institution

Electronic money (e-money) is money 'stored' electronically to spend later. This includes pre-paid cards, such as travel money cards and some gift cards, and online accounts used instead of credit or debit cards.

sQuidcard Limited is an issuer of eMoney
Squidcard Ltd has been issued with a small e-money issuer’s certificate and is regulated for the provision of payment services by the Financial Conduct Authority. You can find out more about the register by clicking here - FCA register.

sQuidcard was originally issued with a Small eMoney issuers certificate by the FCA in November 2007 and as of April 2012 we are listed on the FCA register of Small eMoney Institution and are authorised under the Electronic Money Regulations 2011 (EMRs) to issue e-money. sQuidcard operates within the conditions set out by the FCA in compliance with its Provision of Information requirements.

The FCA certification requires organisations to comply with anti-money laundering regulations.