Online banking service provider Ivobank expands its cross-border money transfer and online payment services to three more European countries. Germany, France and Italy thus join the UK, Ireland, Spain and Canada as part of Ivobank’s online payment network, which targets European online bankers, gamers and shoppers.

Customers who sign up for an Ivobank account can proceed to make online payments both nationally and internationally. Transferred funds are settled immediately while customers operating with several currencies have access to multi-currency settlement and localised payment options.

In addition to money transfers and online payments, customers in Germany, France and Italy are also offered a virtual debit card service. The Ivobank Virtual Card can be used for purchases made at operators who accept MasterCard payments and comes with a “renewable card number” security protocol which prevents the card from being reused after one online transaction is completed.