What bank does Procore Payment Services, Inc. use?
Procore Pay Invoice Management
Answer
Procore Pay with Procore Payment Services, Inc. is a Money Service Business (MSB) and works with tier 1 financial institutions for money transmission from a payor's In Procore Pay, a funding account is a bank account where money is held by a financial institution and controlled by the payor. This is the 'Pay From' account. In Procore Pay, a beneficiary account is a bank account where money is held by a financial institution and controlled by the payee. This is the 'Pay To' bank account.
Note
To learn more about this and other financial institutions that you can implement to support Procore Pay, see How do funds flow between bank accounts with Procore Pay?