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AcordPay
United States
2019 (6 Years)
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know AcordPay
Company Information
Get to know AcordPay
AcordPay is an insurance payment hub that streamlines and automates receivables and payables for agents, carriers, MGAs, and insurance technology providers. AcordPay provides a suite of insurance payment solutions for collecting premiums, settling with markets, and managing claims and refunds. AcordPay has developed proprietary software and workflows that connect banking infrastructure, credit card processing, and core broker and carrier back-office systems to service the needs of the $950bn property and casualty market.
Industry
- Financial InsurancePRIMARY
- Financial Other Service
- Financial Payment
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