Payments

All payment services provided by FDIC-insured banks or U.S. fintechs licensed as MSBs

Transfers

Customer payments made fast, easy and regulatory-compliant via tech-savvy banks and fintechs!

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.

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How It Works

Payment

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Client's Wire Transfer
Specialist submits
payment order.

Payment Order

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Bank/Fintech receives payment order.

Monitoring

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Dolare monitors payment orders for suspicious activity and submits report to Client and preauthorized Bank/Fintech involved in the payment order.

Authorization

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Bank/Fintech authorizes the payment order.

Secured

Our technology platform leverages industry best practices in Anti-Money Laundering (AML) and Know Your Customer's Customer (KYCC) policies

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.

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Remote Deposit Capture

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.

Check Initiated

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Client's Specialist
initiates a deposit by
scanning the check.

Processing

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Correspondent Bank/Fintech processes the check deposit.

Completed

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Deposit is posted to your account with the correspondent bank/fintech.