ICore Virtual Accounts

BEST Vietnam Partners with Techcombank to Boost Cashless Payments Through Dynamic QR Code

Retrieved on:

Friday, August 25, 2023

Techcombank, ICore Virtual Accounts, Collection, The Asian Banker, Multimedia, Transaction banking, Express, Bank

HANGZHOU, China, Aug. 25, 2023 /PRNewswire/ -- BEST Vietnam under BEST Inc., a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced a cooperation with Techcombank to enhance cashless payments through QR code scanning.

Key Points:

HANGZHOU, China, Aug. 25, 2023 /PRNewswire/ -- BEST Vietnam under BEST Inc., a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced a cooperation with Techcombank to enhance cashless payments through QR code scanning.
Customers when receiving packages delivered by BEST Express, can now scan dynamic QR code to make cashless payments.
The solution was awarded as "Best Collection Management solution via Virtual Account Southeast Asia" by The Asian Banker, and as the "Best Cash Management and Transaction Bank in Vietnam" by The Asian Banker.
Earlier this year, BEST Vietnam has cooperated with VNPAY, a local e-wallet app, to promote cashless payment among its customers.

SilaMoney Unveils Virtual Accounts, the Next Generation of Digital Wallets

Retrieved on:

Wednesday, July 12, 2023

CSO, Privacy, Accounting, DDA, ICore Virtual Accounts, Entrepreneurship, Digital wallet, Financial management, Empowerment, Cryptocurrency, Online shopping, Virtual

PORTLAND, Ore., July 12, 2023 /PRNewswire-PRWeb/ -- Sila, a leading fintech company specializing in digital payment solutions, is thrilled to announce the launch of its highly anticipated product, Virtual Accounts. This innovative offering represents a significant advancement in the realm of digital wallets, combining the digital nature and programmability of traditional wallets with the unparalleled capabilities of a Demand Deposit Account (DDA), including the provision of account and routing numbers.

Key Points:

SilaMoney, a prominent fintech company specializing in digital payment solutions, has unveiled its latest offering, Virtual Accounts.
Virtual Accounts mark a new era of financial convenience and empowerment, offering individuals and businesses enhanced control and flexibility over their digital finances.
Key features and benefits of Virtual Accounts include:
Digital Wallet Evolution: Virtual Accounts merge the best attributes of traditional digital wallets with the added functionalities of a DDA, offering users a seamless and comprehensive financial management experience.
This revolutionary product represents a significant leap forward in the world of digital wallets, offering users unparalleled capabilities and possibilities.

Tickeron Launches Revolutionary Virtual Accounts for Traders and Hedge Funds

Retrieved on:

Wednesday, March 22, 2023

Risk management, Counties of South Sudan, Virtual, ICore Virtual Accounts, Algorithm, Cryptocurrency

Tickeron's Virtual Accounts are designed to provide traders and hedge funds with a set of advanced risk management tools, including adjustable trading balance and position size, loss limitation, and a hedging system.

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Tickeron's Virtual Accounts are designed to provide traders and hedge funds with a set of advanced risk management tools, including adjustable trading balance and position size, loss limitation, and a hedging system.
Tickeron developed sophisticated money management models and created a new type of AI Robots, Virtual Accounts.
Using a pool of efficient algorithms with positive alpha, Tickeron developed sophisticated money management models and created a new type of AI Robots, Virtual Accounts.
Tickeron's Virtual Accounts represent a significant milestone in the company's history and reaffirm its position as a leader in AI-powered trading tools.

Sila and Accubits Technologies Announce Strategic Partnership

Retrieved on:

Thursday, December 8, 2022

Sila Inc., a fintech software platform that provides payment infrastructure as a service, and Accubits Technologies, an AI and Blockchain focused software development and consulting company, today announced that they entered a strategic partnership to better avail each others services to their respective customers.

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Sila Inc., a fintech software platform that provides payment infrastructure as a service, and Accubits Technologies, an AI and Blockchain focused software development and consulting company, today announced that they entered a strategic partnership to better avail each others services to their respective customers.
Sila fits perfectly in our partner ecosystem of 120+ companies, said Shubham Wani, associate partnerships, Accubits Technologies.
Accubits Technologies is a full-service software development and technology consulting company that offers product development and digital transformation services to Governments, Tech startups, Fortune 1000 companies, and SMEs.
By focusing on emerging technologies and building a collective of unconventional thinkers and innovators, Accubits is on track to be a front-runner during this industrial revolution we are witnessing.

Citi’s Institutional Virtual Accounts Usage Increase Significantly With Global Clients Frictionless Experience Helps Drive Client Growth Into New Global Markets

Retrieved on:

Thursday, November 10, 2022

“We are pleased with the rapid adoption of Virtual Accounts by our clients, allowing them to implement their ecommerce strategies and rapidly expand into new markets -- without investing heavily in their own technical infrastructure,” said Stephen Randall, Global Head of Liquidity Management Services, Citi Treasury and Trade Solutions. “Virtual Accounts also helps improve the client experience by automatically reconciling payables and collections, while providing a seamless onboarding experience.” Time to market for clients can be accelerated with Citi Virtual Accounts as an unlimited number of virtual accounts can be added on-demand digitally, in a fraction of the time it takes to set up traditional bank accounts.

Key Points:

Citi Virtual Accounts continues its strong growth with institutional clients including corporations, financial institutions, ecommerce and insurance companies.
Citi Virtual Accounts is a global solution that offers many benefits over traditional account structures including:
Streamlined execution of documentation and minimized IT requirements for clients with accounts opened and transactional within 24 hours.
Virtual Accounts also helps improve the client experience by automatically reconciling payables and collections, while providing a seamless onboarding experience.
Recognized as Best Global Virtual Accounts solution by Global Finance in 2022, Citi Virtual Accounts continues to push clients ahead on their digital transformation journeys.

Sila, MX announce tokenized integration for bank account verification

Retrieved on:

Wednesday, November 9, 2022

This will allow Sila customers and their end users to more easily and securely verify bank accounts and account data for fraud mitigation and account balance checks.

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This will allow Sila customers and their end users to more easily and securely verify bank accounts and account data for fraud mitigation and account balance checks.
Bank account verification is a key element of any account opening process.
Yet the typical process of manual entry or microdeposits to verify a bank account introduces delays and frustrates end users.
Now, Sila clients and partners can leverage MXapi Processor Tokens for a more convenient and flexible way to access these token-based account verification services and do account balance checks.

Rapyd launches Virtual Accounts, a new payments solution unlocking cross-border commerce for businesses looking to expand globally

Retrieved on:

Wednesday, May 4, 2022

Virtual Accounts is a vital product empowering businesses to expand globally while supporting local payments.

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Virtual Accounts is a vital product empowering businesses to expand globally while supporting local payments.
Acting as local bank accounts without the typical transaction fees and extra operational costs, Virtual Accounts enable simple, familiar and automatic global payments and payouts.
Before Virtual Accounts, businesses would have to rely on expensive cross-border wire transfers to a single bank account and manage separate accounts in each market.
Virtual Accounts provide businesses the confidence to grow worldwide knowing they have a trusted payments solution in place.

Rapyd launches Virtual Accounts, a new payments solution unlocking cross-border commerce for businesses looking to expand globally

Retrieved on:

Wednesday, May 4, 2022

LONDON, May 4, 2022 /PRNewswire/ -- Rapyd , a global fintech-as-a-service platform, today announced the launch of Virtual Accounts, a vital product empowering businesses to expand globally while supporting local payments.

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LONDON, May 4, 2022 /PRNewswire/ -- Rapyd , a global fintech-as-a-service platform, today announced the launch of Virtual Accounts, a vital product empowering businesses to expand globally while supporting local payments.
Before Virtual Accounts, businesses would have to rely on expensive cross-border wire transfers to a single bank account and manage separate accounts in each market.
Now, businesses can easily accept payments in other countries, streamline operations and offer international customers more local ways to pay.
Virtual Accounts provide businesses the confidence to grow worldwide knowing they have a trusted payments solution in place.

Modern Treasury Raises Additional $50 Million From SVB Capital, Salesforce Ventures in its Series C Round

Retrieved on:

Wednesday, March 30, 2022

Modern Treasury , a software platform that helps companies of all sizes move money with confidence, today announced a $50 million second close of its Series C round from SVB Capital and Salesforce Ventures , following the $85 million first close announced in October.

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Modern Treasury , a software platform that helps companies of all sizes move money with confidence, today announced a $50 million second close of its Series C round from SVB Capital and Salesforce Ventures , following the $85 million first close announced in October.
Customers are also driving more than $300 million in Real Time Payments, or RTP, over the Modern Treasury platform per year.
Enterprises need payment operations support, and Modern Treasury is an elegant, easy to implement, and scalable solution, said Katie Thiry, Managing Director, Salesforce Ventures.
To date, Modern Treasury has raised $183 million in funding and recently opened offices in San Francisco and New York.

Sila Launches New Digital Wallet Product ‘Virtual Accounts,’ Partners with Employment Data Aggregator Argyle for Direct Deposit Switching

Retrieved on:

Thursday, March 24, 2022

Virtual Accounts are digital wallets with dedicated account and routing numbers that integrate seamlessly with the U.S. banking system.

Key Points:

Virtual Accounts are digital wallets with dedicated account and routing numbers that integrate seamlessly with the U.S. banking system.
Through a new partnership with employment data aggregator Argyle , Sila customers now also have the ability to perform in-app direct deposit switching across Argyles network of over 500,000 employers and 300+ payroll and gig platforms.
Few single events can impact end customer long-time value (LTV) as dramatically as winning the direct deposit stream.
Argyle makes it easy and immediate for individuals to start contributing all or part of their paycheck to a Sila Virtual Account.