Business Capital USA’s Instant Bank Verification is a service developed by our service partner DecisionLogic for the lending industry enabling accurate and timely loan decisions. We have harnessed this innovative technology making our application process easy to use, efficient, and secure.
HOW IS THIS PROCESS SECURE?
We take security very seriously. We use the same 128-bit encryption that banks use. Your application process is protected by SSL encrypted communication. This is a "read-only" service which means your account cannot be modified or used to move funds in or out of the account.
HOW DOES THIS PROCESS WORK?
When a borrower selects a financial institution and enters their credentials, we securely transmit them to our service provider allowing them to retrieve bank account information in “read-only” mode. Business Capital USA does not store your bank account login information.
DO YOU STORE MY BANK LOGIN INFORMATION ON YOUR SERVERS?
Your login information is passed securely to the service provider which establishes the connection. Business Capital USA does not retain your login information and your login information is never displayed anywhere.
WHAT SHOULD I DO IF I AM CONCERNED ABOUT THE SECURITY OF MY LOGIN INFORMATION?
If you go to your financial institution and change your login information then Business Capital USA and our service provider cannot access your information from that institution unless you explicitly provide the new login information to Business Capital USA.