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Statements

  • We have made several improvements to our Statements feature for ledger customers
    • We have improved the way transaction descriptions are displayed on ledger statements.
    • Previously, end users found the transaction descriptions to be unclear.
    • With this update, each transaction will include the beneficiary’s name, the financial institution’s name, and the last 4 digits of the counterparty’s account number.
    • This change will be implemented starting from the statement period of January 2024, which will be generated on February 2, 2024.
    • We have fixed a bug that used to cause the state field in ledger statements’ to show null for accounts with international addresses.

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Support For ARC SEC Code For Incoming ACH

  • We now support the ARC SEC code for incoming ACH payments.

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Manage Enhanced FDIC Insurance For Foreign Entities Without US-TINs

  • We have built the ability for banks and fintechs to manage Enhanced FDIC Insurance for foreign entities without US-TINs with one of our partner sweep networks.
  • If you are interested in learning more about this specific use case please reach out to your Treasury Prime Account Manager.