Burbank

Burbank is a financial software company engineering authentication experiences, founded in 2021 by Justin Pike and headquartered in Cardiff, United Kingdom. The founder, Justin Pike, has a notable 27-year career in the IT and payments industry, having previously founded eNett, a major payment processor for the travel sector, and MYPINPAD, a pioneer in PIN on Mobile technology. His extensive background, which includes developing the first live 'PIN on Mobile' solution and creating over 160 mobile payments patents, directly informs Burbank's direction.

The company targets the financial sector, specifically serving payment service providers (PSPs), acquirers, and issuers. Its business model centers on providing its technology through a Software Development Kit (SDK) that integrates into clients' existing systems, such as mobile banking apps. Burbank offers flexible hosting options, allowing clients to self-host on-premises or use a cloud-based setup for scalability and data sovereignty. A key aspect of the business is providing clients with PCI-certified technology that can be certified in the client's own name, offering them complete autonomy.

Burbank's core service is a novel authentication solution that enables 'Card Present Over Internet' (CPoI) transactions. This allows consumers to use the familiar 'tap and pin' method for online purchases by tapping their payment card on their own mobile device, mimicking the in-store experience. This process transforms what were previously 'card-not-present' transactions, which are susceptible to high fraud rates, into more secure 'card-present' ones. The primary benefits for merchants include the elimination of false positives in fraud detection systems and a significant reduction in chargeback fraud. The company also offers a SoftPOS solution, which turns a mobile device into a point-of-sale terminal, and an Issuer Toolkit for identity verification. In March 2025, the company secured a Seed Round funding of $6.42 million from investors including Anthemis, Foxe Capital, and Mouro Capital.

Keywords: authentication systems, payment security, fintech, Card Present Over Internet, CPoI, SoftPOS, PIN on Mobile, payment service providers, PSP, issuer solutions, acquirer solutions, payment fraud reduction, chargeback prevention, financial software, Justin Pike, mobile payments, SDK, payment authentication, online payment security, tap and pin, secure transactions, PCI certified