New Crypto-Friendly Banks Provide Overnight Funds
Aug 2, 2022
BankLine Portfolio Expanded
BankLine's portfolio of Crypto-friendly banks offering Provisional Posting just expanded
BankLine continues its commitment to the Crypto ATM industry by increasing partnerships with Crypto-friendly banks while expanding its comprehensive services.
Protecting Clients From Bank Discontinuance
BankLine's unique position as the only provider of multiple Crypto-friendly bank options under one roof affords its clients security against bank discontinuance, while its wide range of services supports their ability to scale in new directions.
By adding additional bank partners, BankLine ensures redundancy for its clients.
Transforming Services
Provisional Posting software provides Crypto ATM operators access to funds received for each day's sales activity the following morning by 9:00 a.m. ET, giving BankLine's partner banks and Crypto ATM operators a distinct advantage.
Overnight availability of funds transforms the Crypto ATM industry, allowing BankLine's Crypto ATM operators to reduce or eliminate the need for lending lines and related interest charges, creating a more self-reliant path toward corporate expansion.
Bank-Centric Solutions
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 reporting, and complete visibility of the cash cycle, greatly enhancing efficiencies.
Provisional Posting LLC's software is engineered to be compatible with Genesis Coin, General Bytes, Bitaccess, zzBit and other customized Crypto ATM software solutions.
Steve Bessen, BankLine's Director of Sales, is quoted as saying: "BankLine's focus on providing a bank-centric solution meets all of the reconciliation demands required by the banks' back office. This attention to detail allows BankLine's partner banks to confidently offer overnight availability of funds to Crypto ATM operators, distancing themselves from banks that do not provide competitive service. BankLine continues to expand Provisional Posting to additional bank partners. Clearly, Provisional Posting is the future of the Crypto ATM industry."
About BankLine
BankLine is the only Crypto-friendly banking solution that offers a portfolio of redundant financial institutions willing to serve the varied needs of the Crypto industry. BankLine's network of Crypto-friendly banks and services helps mitigate the threat of bank discontinuance and provides ongoing, sustainable, and scalable banking and support services.
Each BankLine customer has a direct relationship at an FDIC-insured depository institution. The accounts are titled in the business entity's name and are exclusive for the entity's activity.
By contracting with more than 300 cash vault facilities managed by Loomis, Brinks, and Garda. BankLine's banks currently provide service to more than 29,000 BTM locations in the continental U.S., Hawaii, Alaska and Puerto Rico.
In addition, BankLine's partner banks provide over the counter services for online Crypto companies.
Learn more at bankline.com
About Provisional Posting LLC
Provisional Posting software was developed to integrate and automate daily deposit and cash extraction information. Electronic data from Crypto ATMs and armored carriers is transmitted to the Crypto ATM operator's bank. Provisional Posting software facilitates overnight credit and availability of funds directly to the Merchant DDA bank account by the following morning at 9:00 a.m. Eastern Time.
Overnight availability of funds provides Crypto ATM operators with an accelerated rotation of working capital and increased efficiency, resulting in greater profit.
Banks utilizing the Provisional Posting LLC patent-pending software eliminate the need for time-consuming manual reconciliation and posting, reduce keying errors, and more efficiently manage the CTR filing process.
Learn more at Provisional Posting LLC.
Media Contact:
Andy Benjamin
1-800-409-1647
[email protected]
Press Release Service by Newswire.com
Original Source: New Crypto-Friendly Banks Provide Overnight Funds
More News
"Yes, It Is Weird As F*ck": 29 Americans Are Sharing What "Reverse Culture Shocks": They Faced After Moving Back Home From Abroad, And It Just Shows How The US Is Not The Best
"Something I didn't miss when I was abroad was the tipping culture in the United States. Here, tipping is expected everywhere for everything." View Entire Post ›
The secret life of chalet girls: From drunken nights at €10-a-pint apres bars to illicit romps with guests, this is what life is really like in the Alps
What really goes on behind chalet doors? We head to the French Alps to see what life is really like for the hosts that bring ski holidays to life - from late-night partying to gruelling cleaning duties.
There's Nothing Spooky About This Geography Quiz (Unless You Find It Scary To Challenge Your Brain)
Four rounds, four mystery countries. Start guessing...the closer you get, the hotter it gets. Here's GeoTemp #159 for October 30, 2026. View Entire Post ›
52 Must-Haves For Anyone Who Basically Lives Out Of A Suitcase Because They Travel So Often
"Can you get brunch Saturday, or will you be out of the country?" —your friend texting you View Entire Post ›
L.A. Affairs: We found it easier to make friends through sex. But was that really friendship?
The Feeld app made it easy for us to connect with other couples. But the best part wasn't always the sex.
How Hong Kong cinema forever changed after Cepa and the mainland China co-production boom
Hong Kong cinema has always thrived on a certain kind of beautiful madness – precisely the quality local audiences cherish most. However, when the Closer Economic Partnership Arrangement (Cepa) opened the mainland Chinese market to Hong Kong co-productions in 2004, cross-border film collaborations surged. Hong Kong filmmakers zealously partnered with mainland companies, drawn by bigger budgets, lower production costs and the prospect of reaping financial rewards from a massive new audience. But...
Starlux-Etihad Frequent Flyer Deal Now Pays Out Both Ways
The Starlux-Etihad frequent flyer link has gone fully reciprocal, with Cosmile members now able to earn and spend on Etihad and Etihad Guest members collecting miles on Starlux The post Starlux-Etihad Frequent Flyer Deal Now Pays Out Both Ways appeared first on Business Traveller.
Minor Hotels to debut Reserve Collection in Asia
The luxury hotel group's first Asian property under the new brand will comprise a 100-room hotel and three residential buildings within a larger mixed-use development in Layan The post Minor Hotels to debut Reserve Collection in Asia appeared first on Business Traveller.
What do we know about Elizabeth Holmes’ brother, Christian, who’s not in You Can See Everything?
Elizabeth Holmes is back in the spotlight, thanks to Nathan Fielder and Lance Oppenheim’s hit new documentary, You Can See Everything (2026). Since its release on October 16, the film has proven a massive box office success, grossing over US$45 million worldwide. The film, which follows the disgraced Theranos founder, 42, and her long-time partner, Billy Evans, 34, during the days leading up to her imprisonment for criminal fraud, also features her parents, Christian and Noel Anne Holmes. Her...
How to have the best Sunday in L.A., according to Judy Reyes
New York-style bagels, a fresh manicure and a massage in the back of a sushi restaurant are on the agenda for the 'Scrubs' actor.
Hong Kong Disneyland Brings Halloween Treats to the Hong Kong Wine & Dine Festival
From October 29 to November 1, Hong Kong Disneyland Resort (HKDL) is participating in the annual “Hong Kong Wine & Dine Festival”, organized by the Hong Kong Tourism Board. For four consecutive days, HKDL will offer a selection of park-exclusive Halloween treats to the city, adding distinctive Disney storytelling and creativity to Hong Kong’s mega event tourism experience. Visitors can embrace the Disney Halloween spirit in the city before joining HKDL’s Booonus Wicked Night Party on October 30 and 31 for one last chance to enjoy the ultimate Halloween celebration.
Hotel Review: Faena, New York – Theatrical Design in West Chelsea
New York's Chelsea strikes gold with this daring brand The post Hotel Review: Faena, New York – Theatrical Design in West Chelsea appeared first on Business Traveller.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.