All payment services provided by FDIC-insured banks or U.S. fintechs licensed as MSBs
Borderless payments are now a reality from our network of correspondent banks and fintechs! Make payments to an account with a FDIC-insured bank in the U.S. via our online banking platform tailored for cross-border payments. We enhance your compliance capabilities to adhere to the requirements of the correspondent bank(s) and fintech(s) involved in the transfer request.
Client's Wire Transfer
Bank/Fintech receives payment order.
Dolare monitors payment orders for suspicious activity and submits report to Client and preauthorized Bank/Fintech involved in the payment order.
Bank/Fintech authorizes the payment order.
Dolare bolsters our clients' capabilities to ensure strict adherence to all AML/KYC laws and regulations in the country where your financial institution is domiciled and the other jurisdiction(s) relevant to a cross-border money transfer. We help you to track down corruption, manipulation, tax evasion any illegal trades and other financial crimes. Our unique, hands-on approach enables us to take a deep dive into evaluating the accuracy and legitimacy of sources and uses of funds transfers.
Provided by our network of correspondent banks/fintechs, remote Deposit Capture (RDC) entails a bank or customer's scanning of a checks from a FDIC-insured bank and transmission of the scanned images and/or ACH data of the check to the correspondent bank/fintech for posting and clearing.
The basic requirements for an RDC service currently include a PC, an internet connection, a check scanner and a service provider such as your current bank. Checks you receive at your bank facility are scanned and a digital deposit is created. This digital deposit is then transmitted (over an encrypted internet connection) to your correspondent bank/fintech who then accepts the deposit, posts the deposit to your account and provides availability based upon your availability schedule.
initiates a deposit by
scanning the check.
Correspondent Bank/Fintech processes the check deposit.
Deposit is posted to your account with the correspondent bank/fintech.