MIAMI, Aug. 02, 2022 (GLOBE NEWSWIRE) — BankLine continues its commitment to the Crypto ATM industry by increasing partnerships with crypto-enabled banks while expanding its comprehensive services.
Protect customers from bank interruption
BankLine’s unique position as the only provider of multiple crypto-enabled banking options under one roof offers its customers security against bank abandonment, while its wide range of services supports their ability to scale in new directions.
By adding additional banking partners, BankLine provides redundancy for its customers.
The draft software allows Crypto ATM operators to access funds received for each day’s sales activity the following morning by 9:00 am ET, giving BankLine partner banks and Crypto ATM operators a distinct advantage.
The day-to-day availability of funds is transforming the crypto ATM industry, allowing BankLine’s crypto ATM operators to reduce or eliminate the need for loan lines and related interest charges, creating a more independent path to business expansion.
Provisional Posting LLC’s patent-pending software, developed by banking veterans, provides financial institutions with a robust set of back-office reconciliation tools, automated CTR reports and full cash cycle visibility, improving efficiency considerably.
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, is quoted as saying, “BankLine’s focus on delivering a bank-centric solution addresses all of the reconciliation requests required by the banks’ back office. This attention to detail enables BankLine’s partner banks to confidently offer overnight availability. funds to Crypto ATM operators, distancing themselves from banks that do not provide a competitive service. BankLine continues to extend the provisional display to other banking partners. Clearly, the provisional display is the future of the Crypto ATM industry.
BankLine is the only crypto-enabled banking solution that offers a portfolio of redundant financial institutions ready to meet the varied needs of the crypto industry. BankLine’s network of crypto-enabled banks and services helps mitigate the threat of bank abandonment and provides continuous, sustainable, and scalable banking and support services.
Every BankLine customer has a direct relationship with an FDIC-insured depository institution. Accounts are titled in the name of the Business Entity and are proprietary to the business of the Entity.
By contracting with more than 300 safe installations operated by Loomis, Brinks and Garda. BankLine’s banks currently provide service to more than 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 crypto companies.
Find out more at bankline.com
About Provisional Posting LLC
Interim accounting software has been developed to integrate and automate daily cash deposit and withdrawal information. Electronic data from Crypto ATMs and armored carriers is transmitted to the Crypto ATM operator’s bank. The drafting software facilitates day-to-day credit and funds availability directly to the merchant’s DDA bank account the next morning at 9:00 a.m. EST.
The availability of funds overnight provides Crypto ATM operators with accelerated working capital turnover and increased efficiency, which translates into higher profits.
Banks using Provisional Posting LLC’s patent-pending software eliminate the need for time-consuming manual reconciliation and posting, reduce entry errors, and manage the CTR deposit process more efficiently.
Learn more about Provisional Posting LLC.
Image 1: Expanded BankLine portfolio
BankLine’s Portfolio of Crypto-Enabled Banks Offering Provisional Publication Just Expanded
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Expanded BankLine portfolio