Today we are officially launching of our new platform. With it, you will be able to easily build payment services into your web and mobile applications securely and in compliance with regulatory standards.
We’ve done all the integration with banks and regulatory agencies so you don’t have to. Our out-of-the-box set of APIs cover the entire money movement flow (collecting, storing, and sending), so you can deliver payment services in days rather than months and scale and adapt them as you need to. And, because all of our services meet regulatory standards you won’t need a money transmitter license or to maintain PCI compliance.
Ours is the first complete payments services platform and it will allow you to:
- Collect payments or integrate payment services from within an app. The platform supports numerous collection methods including credit card payments, wire transfers, ACH debits and credits, checks, wires and moneygrams, and multi-party transactions.
- Store funds and create e-wallets for mobile and web applications. You can create stored value accounts to safely store money. Each account includes full ledgering and reconciliation functionality so you can see activity and balances in real time. Because we follow the same regulations as banks, each stored value account is FDIC insured.
- Send money directly or through multiple transmission services. An extensive set of APIs integrate and automate typical banking services to simplify how you send funds between accounts or to other services. You can dynamically send checks without logging into a bank, transmit money via ACH, send funds to e-bill pay services, or connect to PayPal or other transmission methods.
We’ve taken the complexity out of building payment services provided a simple way to include payment platforms to mobile devices and social networks. The possibilities are endless for any company that wants to add revenue-generating opportunities to their business.
Banks have always been at the core of collecting, storing and sending funds, but the cost and complexities of working with banks has long kept developers from instrumenting their apps with advanced payment services. BancBox now let’s developers simply, securely and compliantly move money through our API driven approach – unlocking the potential of financial services for mobile and web applications.