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PayRecs
United States
17 Dec 2017 (7 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 PayRecs
Company Information
Get to know PayRecs
PayRecs is an international B2B payment platform designed to meet the unique needs of businesses and their banks. PayRecs delivers businesses the simplicity, transparency and speed of consumer payment apps but with a unique approach in order to meet the liquidity, security, and control requirements of businesses. PayRecs partners with regional banks to deliver our service to their customers, allowing the banks to add critical new international payment capabilities, reduce operational cost and risk, while also adding a new source of revenue.
Industry
- Financial BankingPRIMARY
- Financial Other Service
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