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FV Bank’s new Virtual Account feature enables business clients to automate the tagging and attribution of incoming international payments by pre-generating and assigning a unique virtual account number and deposit instructions to every counterparty

July 10, 2025 //  by Finnovate

FV Bank has launched its new Virtual Account feature, empowering business clients to automate and streamline the attribution of incoming international payments with unique, dedicated account numbers. With this feature, FV Bank customers can now pre-generate virtual account numbers for each of their clients or counterparties, enabling seamless automation of incoming payment attribution. Businesses can assign a unique virtual account number and deposit instructions to every client, ensuring that when a client sends a SWIFT wire, ACH, Domestic Wire or USDC Stablecoin to this virtual account, FV Bank automatically tags and attributes the deposit to the underlying counterparty. This Virtual Account structure also significantly improves FV Bank’s compliance controls through enhanced KYCC (Know Your Customer’s Customer), enabling FV Bank to improve its transactional monitoring and KYC structures. Key features of the Virtual Account solution include: Unique virtual account numbers for each counterparty; Support for incoming international wire (SWIFT), ACH, Domestic Wires and Stablecoin deposits; API availability for integration into client platforms; Robust reporting tools; Enhanced KYCC and monitoring controls.

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Category: Members, Networks Processors & PSPs, Innovation Topics

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