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Full Transfer Details

Money Remitter details all of the data collected in order to execute the transfer of money


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Overview

DepositSlips is a software company founded to give banks and credit unions the ability to broaden their global cash remittance business by expanding their regulatory compliance capability and reducing risk.

Utilizing the unique, descriptive deposit slip and a comprehensive, user-friendly cost effective browser, our bank clients possess an end-to-end view of individual transactions within each licensed money transmitters (LMT) bulk deposit. The program allows the bank to identify all cash deposits by LMT, agent, customer, beneficiary and much more.

With our cloud-bases platform and focus on the importance of data mining in this 21st century, our limited brick and mortar presence allows us to operate anywhere. This provides our clients with unlimited potential to capture the global $575 billion money remittance industry.

Who We Are

DepositSlips is a software solution that will give banks and credit unions the ability to safely service the money transmitter industry by solving the compliance related issues unique to this industry.

There are two primary functions:

  1. To provide a deposit slip customized for the Money Service Business (MSB) industry. This deposit slip will break down previously anonymous bulk cash transactions and identify each component, individually, in complete detail by sender and receiver.

  2. To connect the licensed money transmitters (LMT) compliance system to the financial institution, providing comprehensive information for compliance officers and regulators to use in a fast, reliable and meaningful way.

The process used for connecting this data is completely unique and the only product on the market. The system received a US patent on March 18th, 2014.

Timeline

  • 2011

    Founded

  • 2014

    Patented

    Our unique platform received a US patent on March 18th, 2014.

  • 2016

    First client

    First operational deposit.

  • 2017

    First examination

    First regulatory examination.

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