New crypto banks provide funds overnight

MIAMI, 02 Aug 2022 (GLOBE NEWSWIRE) – BankLine continues its commitment to the Crypto ATM industry by expanding partnerships with cryptocurrency-enabled banks while expanding its comprehensive services.

Protect customers from bank outages

BankLine’s unique position as a single provider of multiple crypto-enabled banking options under one roof offers its clients security against bank abandonment, while its broad range of services supports their ability to value in new directions.

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By adding additional banking partners, BankLine provides redundancy to its customers.

Transform services

The software draft allows Crypto ATM operators to access funds received for the daily sales activity the following morning by 9:00 am ET, giving BankLine partner banks and Crypto ATM operators a distinct advantage.

The daily availability of funds from the crypto ATM industry, which allows BankLine’s crypto ATM operators to reduce or eliminate the need for loan lines and related interest charges, could therefore represent a more self-sufficient path for business expansion.

Bank-centric solutions

Provisional Posting LLC’s patent-pending software, developed by banking industry veterans, provides financial institutions with a robust set of back-office reconciliation tools, automated CTR reporting and full cash-cycle visibility, increased average efficiency.

Provisional Posting LLC’s software is designed to be compatible with Genesis Coin, General Bytes, Bitaccess, zzBit and other custom Crypto ATM software solutions.

Steve Bessen, BankLine’s Director of Sales, said: “BankLine’s focus on providing a bank-centric solution responds to all reconciliation requests requested by the banks’ back office. This attention to detail allows BankLine’s partner banks to confidently offer nighttime availability. funds to Crypto ATM operators, distancing themselves from banks that do not provide a competitive service. BankLine continues to extend the provisional view to other banking partners. Clearly, the interim display is the future of the Crypto ATM industry.

About BankLine

BankLine is the only cryptocurrency-enabled banking solution that offers a portfolio of redundant financial institutions ready to meet the diverse needs of the cryptocurrency industry. BankLine’s network of crypto-enabled banks and services helps reduce the threat of bank abandonment and provides continuous, sustainable and scalable banking and support services.

Each BankLine customer has a direct relationship with an FDIC insured depository institution. The accounts are titled in the name of the Business Entity and are owned by the business of the Entity.

Contracting with more than 300 secure installations managed by Loomis, Brinks and Garda. BankLine banks currently provide services to over 29,000 BTM locations in the continental United States, Hawaii, Alaska and Puerto Rico.

Additionally, BankLine’s partner banks provide over-the-counter services to online cryptocurrency companies.

Find out more at bankline.com

Information on LLC provisional listing

Interim accounting software has been developed to integrate and automate information on daily cash deposits and withdrawals. The electronic data of the Crypto ATMs and armored carriers are transmitted to the bank of the Crypto ATM operator. Editing software facilitates daily credit and availability of funds directly to the merchant’s DDA bank account the next morning at 9:00 am EST.

The availability of funds overnight gives Crypto ATM operators an accelerated turnover of working capital and greater efficiency, which results in higher profits.

Banks using Provisional Posting LLC’s patent-pending software eliminate the need for lengthy manual reconciliations and postings, trigger entry errors, and manage the CTR filing process more efficiently.

Learn more about LLC provisional listing.

Media contact:

Andy Beniamino
1-800-409-1647
sales@bankline.com

Related images

Image 1: Expanded BankLine wallet

BankLine’s portfolio of cryptocurrency-enabled banks offering interim publications has just been expanded

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  • Expanded BankLine portfolio

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