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National Payment Corporation
United States
1991 (34 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 National Payment Corporation
Company Information
Get to know National Payment Corporation
National Payment Corporation (NatPay) was founded in 1991, and became the leading company to offer third-party processing of Direct Deposit for employee payroll. They process more than $75+ billion annually for 125,000+ ACH clients nationwide. In 2000, NatPay introduced the first electronic pay stub branded as EZStub. In 2007, NatPay introduced Doculivery – a fully web-hosted SaaS (Software as a Service) delivery of enterprise resource solutions. This includes but is not limited to Payroll, AR/AP, full HR paperless functionality, CSR/CRM, and other marketing solutions. NatPay is an innovator in the online document solutions industry with over 25 years of information distribution experience. They provide online document solutions to over 30,000 clients across the nation. NatPay offers a comprehensive portfolio of payroll, human resource, and financial solutions with services that help clients do what they do best – run their business. With customized SaaS solutions and online document management services, NatPay provides their clients relief from administrative hassles so they can focus on their human resource needs and profitability by reducing G&A costs and streamlining business processes. NatPay is bonded through two major insurance carriers and uses a third-party accounting firm to perform an annual audit of its records. They are also HIPAA compliant, and a SSAE 16 (SOC 1) Type 2 examined organization.
Industry
- Financial BankingPRIMARY
- Technology Software Development
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