Modern Treasury was founded with the goal of lowering the barriers for businesses to make and manage payments at scale. We provide every business access to payment operations solutions, and to better serve our clients, we decided to launch the Instant Bank Partners program.
At Modern Treasury we help companies manage payments at scale and build payment flows into their products. Done right, we believe this can turn payments and treasury into a strategic advantage and unlock incredible new products and customer experiences.
In October, we shipped support for Signature Bank and added capabilities for collecting SSNs and EINs. We made a number of additional improvements to our platform that we are excited to share.
Modern Treasury has now added support for customers of Signature Bank.
In order to pay many types of counterparties, businesses need to collect and track Social Security Numbers (SSN) or Employer Identification Numbers (EIN). This is required in cases where you need to file a tax document, such as a 1099, and can also support compliance and control processes inside your company.
We’re excited to share some of the features that shipped this month at Modern Treasury. In addition to the Events product we shared earlier this month, we have improvements across our platform that benefit the entire payment process.
August has been another busy month for Modern Treasury. In addition to some of the bigger items we shipped like Permissioned API Keys, we’ve shipped a number of smaller features and improvements we’re excited to share.
You can now unmask and view account numbers on external accounts in Modern Treasury. Previously, it was impossible to view the account number for a counterparty’s external account. Our platform will automatically record an action on the audit trail every time an account number is viewed.
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