Modern Treasury

Modern Treasury enables its clients to marry bank statements with the company’s business logic to provide an enriched history of the company’s financial transactions. This view supports the company’s finance teams to focus on solving the mission-critical problems of the business and not piecing together the jigsaw puzzle of bank transactions by hand.

With Modern Treasury payments, users can:

• Build custom payment flows - With REST APIs to set up payment initiation flows tailored to a product.
• Full visibility into returns - Track returned payments in real time using webhooks, and link them to the original payment automatically.
• One-time payments - The web app helps finance teams initiate one-off payments with payment order templates, scheduling, and CSV uploads.
• Live payment status updates - Webhooks and email notifications provide complete visibility into all payments, returns, and reversals.

• Account for transactions at the source - A source of truth for transaction data. Create ledger entries directly from product flows the moment a transaction occurs.
• Multiple payment methods and currencies - Link ledger transactions to reconciled payments and track balances in multiple currencies, including crypto.
• Data integrity with built-in immutability - Ledgers is append-only: transactions can’t be deleted or overwritten once posted.
• Double-entry ledgering - Ledgers uses double-entry to ensure consistency across all transactions.

• Create virtual accounts programmatically - Issue virtual accounts to users, invoices, or other entities directly from the product with the Virtual Accounts API.
• Detailed context on every payment - Each transaction includes Incoming Payment Details with bank data essential for accurate reconciliation, like virtual account numbers and transaction codes.
• Manage payment returns - Create and reconcile returns against payments received by Virtual Accounts using the API or web app to simplify handling transaction disputes and errors.
• One API for multiple payment methods - Receive payments directly into virtual accounts over ACH, Wire, and RTP through a single integration.

• Integrated with payments - Avoid the hassle of integrating and managing multiple disparate solutions for compliance, fraud, and payment operations.
• Compliant from day one - Stay compliant with BSA/AML rules with our KYC identity verification and transaction monitoring features.
• Minimize fraud - Turn on transaction monitoring on all payments to catch fraud and suspicious behavior.
• Streamline manual reviews - Make compliance decisions faster with flexible case management workflows.