Latest news with #KYC
Time Business News
3 hours ago
- Business
- Time Business News
How to buy a verified chime bank accounts?
Traditional banking is no longer appropriate for many people in today's fast-paced, digital-first environment. Consumers are actively looking for modern, hassle-free banking options, including mobile-first solutions, early direct deposits, no hidden fees, and real-time transaction details. Chime stands out among neobanks that provide these same benefits. However, for many new users or entrepreneurs, one concern frequently arises: how can you obtain a confirmed Chime bank account the proper way? Whether you're starting an online business, managing remote income, or simply tired of outmoded bank systems, this guide will lead you through the easiest and safest ways to open a verified Chime account without jeopardizing your identity or finances. Chime is a financial technology company in the U.S. that works with The Bancorp Bank and Stride Bank, N.A., to provide banking services. Chime is not technically a bank; instead, it is a fintech platform that offers simple banking through its mobile app. Because of its simplicity and transparency, Chime is an ideal solution for freelancers, gig workers, online business owners, and digital nomads who need reliable banking on the go. No monthly fees No overdraft fees (up to a limit) Early direct deposit (get paid up to 2 days early) Real-time transaction alerts Fee-free ATM access This process guarantees that Chime conforms with federal banking requirements (such as Know Your Customer, or KYC) and helps to avoid fraud or abuse of banking services. To use all Chime account features, including direct deposit, mobile check deposit, and full account control, you must first verify your account. This entails establishing your identification using the required legal documents, such as your: Full legal name U.S. residential address Social Security Number (SSN) Once approved, you buy a verified Chime bank account, routing number, and debit card, which arrive within 5–10 business days. There are two safe and reliable ways to get a verified Chime bank account: This is the most direct and safest route: Visit Chime's official website or download their mobile app. Sign up using your real name and U.S. address. Provide your SSN for verification (Chime uses it only to verify identity and not for a credit check). Wait for approval, which usually happens within minutes. Just make sure to read their customer support and FAQs before ordering to verify you're getting the proper account for you. If you are not proficient in technology, live outside the United States, or need a pre-made certified Chime account for business activities, you can choose reputable digital solution providers such as PVAVCC. They offer verified digital banking accounts, including Chime, to streamline your setup process. Their verified Chime accounts are: Fully legal and secure Ready for instant use Tested to ensure login and mobile app compatibility Ideal for e-commerce, digital transactions, and freelancing Although it can be convenient to purchase or buy verified Chime accounts from a third party, be on the lookout for: Scam sites that offer cheap verified accounts without verification Sellers soliciting suspicious personal information Fake apps or phishing attempts dressed up like Chime That's why it's better to use a reputable and transparent provider such as Truthy Agency, which provides a clear explanation of its process and safe transactions. If you fall into any of these categories, getting a verified Chime account can elevate how you handle your daily finances. Verified Chime accounts are ideal for: Remote freelancers and gig workers : Quick, fee-free payments : Quick, fee-free payments Online business owners : Easy withdrawals and cash flow monitoring : Easy withdrawals and cash flow monitoring Resellers and digital marketers : Linking accounts to platforms like PayPal, Shopify, or Zelle : Linking accounts to platforms like PayPal, Shopify, or Zelle Crypto traders and affiliate marketers : Clean bank trail and mobile-first access : Clean bank trail and mobile-first access Non-residents with U.S.-based transactions: U.S. banking features with mobile access For U.S. residents, the simplest option is verifying your own Chime account, while PVAVCC is recommended for those needing verified accounts outside the U.S. for business purposes or digital marketing, as it is quicker and safer. That service outranks others by offering: 100% Verified, ready-to-use Chime accounts Safe transactions Fast delivery Excellent customer support They prove to be one of the most reliable platforms for purchasing digital banking solutions for these reasons. Sources Chime Official Website—to learn about their services and account features. Consumer Financial Protection Bureau (CFPB)—To understand your rights when opening or using digital banking services. PVAVCC—Trusted platform offering verified Chime and other US digital bank accounts. Chime is redefining how people experience banking by eliminating hidden fees, offering real-time notifications, and providing early paycheck access. It's built for the digital generation—those who value speed, flexibility, and financial transparency. You can always open a Chime account yourself if you're a U.S. resident, but for those looking for a faster solution or facing location barriers, using a trusted provider like PVAVCC can be a smart move. Their secure process, fast delivery, and responsive customer service make it easy to get started without stress. In the digital age, access to modern financial tools like Chime is essential. Don't fall behind. Take control of your finances today and choose a verified Chime account that fits your lifestyle. TIME BUSINESS NEWS
Malaysian Reserve
a day ago
- Business
- Malaysian Reserve
Bybit and Cactus Custody Announce Strategic Partnership with Cactus Oasis Integration
DUBAI, UAE, July 23, 2025 /PRNewswire/ — Bybit, the world's second-largest cryptocurrency exchange by trading volume, today announces a strategic partnership with Cactus Custody, Asia's leading compliant and licensed digital asset custodian under Matrixport Group. Together, they are launching an off-exchange settlement solution via Cactus Oasis, designed to enhance asset security, capital efficiency, and operational control for institutional clients. The integration will go live on July 28, 2025. This partnership enables institutional and professional clients to trade directly on Bybit without pre-funding exchange accounts. Clients deposit collateral into Cactus Custody, where assets are held in fully segregated, regulated custody and transferred to Bybit only at the point of trade settlement, reducing counterparty risk while maintaining access to market liquidity. Shunyet Jan, Head of Institutional and Derivatives at Bybit, commented: 'Bybit is committed to providing institutions with a secure and efficient trading environment. The integration of Cactus Oasis gives our clients more flexibility in managing liquidity without compromising asset protection.' Enhanced Asset Security and Efficiency With Cactus Oasis, institutional clients can trade on Bybit while keeping their collateral securely held in independent custody. Assets remain protected with Cactus Custody until trade settlement, improving capital efficiency and aligning with strict internal governance requirements. Cactus Custody delivers bank-grade security through a tiered hot and cold wallet system, combining hardware security module (HSM) encryption with institutional-grade cold storage. It holds SOC 1 Type 1 and SOC 2 Type 2 certifications from Deloitte and is licensed as a Hong Kong Trust Company and Trust or Company Service Provider (TCSP) under the Hong Kong Monetary Authority, meeting the compliance standards of leading financial institutions. Cactus Oasis: Tailored for Institutional Needs Cactus Oasis offers cross-platform custody through Buffer accounts, a Cactus Oasis feature, streamlining asset management across multiple exchanges. It provides flexible risk controls, including dual- and pre-authorization modes, customizable approval and settlement workflows, and compliance with KYC, KYB, and KYT requirements. Role-based access and multi-level permissions ensure robust governance and operational efficiency. Wendy Jiang, General Manager of Cactus Custody, said: 'This integration with Bybit addresses institutional demands for secure custody, risk reduction, and efficient post-trade settlement. It represents a meaningful step in advancing digital asset trading infrastructure and driving institutional adoption.' Driving Institutional Adoption Globally Bybit and Cactus Custody share a joint vision of supporting institutional adoption with compliant, transparent, and scalable infrastructure. This partnership is particularly impactful for institutions in the Asia-Pacific region, where regulatory clarity, risk controls, and capital flexibility are essential to long-term engagement. #Bybit / #TheCryptoArk / #IMakeIt About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at For more details about Bybit, please visit Bybit PressFor media inquiries, please contact: media@ updates, please follow: Bybit's Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube Logo – View original content:
Cision Canada
a day ago
- Business
- Cision Canada
Bybit and Cactus Custody Announce Strategic Partnership with Cactus Oasis Integration
DUBAI, UAE, July 23, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, today announces a strategic partnership with Cactus Custody, Asia's leading compliant and licensed digital asset custodian under Matrixport Group. Together, they are launching an off-exchange settlement solution via Cactus Oasis, designed to enhance asset security, capital efficiency, and operational control for institutional clients. The integration will go live on July 28, 2025. This partnership enables institutional and professional clients to trade directly on Bybit without pre-funding exchange accounts. Clients deposit collateral into Cactus Custody, where assets are held in fully segregated, regulated custody and transferred to Bybit only at the point of trade settlement, reducing counterparty risk while maintaining access to market liquidity. Shunyet Jan, Head of Institutional and Derivatives at Bybit, commented: "Bybit is committed to providing institutions with a secure and efficient trading environment. The integration of Cactus Oasis gives our clients more flexibility in managing liquidity without compromising asset protection." Enhanced Asset Security and Efficiency With Cactus Oasis, institutional clients can trade on Bybit while keeping their collateral securely held in independent custody. Assets remain protected with Cactus Custody until trade settlement, improving capital efficiency and aligning with strict internal governance requirements. Cactus Custody delivers bank-grade security through a tiered hot and cold wallet system, combining hardware security module (HSM) encryption with institutional-grade cold storage. It holds SOC 1 Type 1 and SOC 2 Type 2 certifications from Deloitte and is licensed as a Hong Kong Trust Company and Trust or Company Service Provider (TCSP) under the Hong Kong Monetary Authority, meeting the compliance standards of leading financial institutions. Cactus Oasis: Tailored for Institutional Needs Cactus Oasis offers cross-platform custody through Buffer accounts, a Cactus Oasis feature, streamlining asset management across multiple exchanges. It provides flexible risk controls, including dual- and pre-authorization modes, customizable approval and settlement workflows, and compliance with KYC, KYB, and KYT requirements. Role-based access and multi-level permissions ensure robust governance and operational efficiency. Wendy Jiang, General Manager of Cactus Custody, said: "This integration with Bybit addresses institutional demands for secure custody, risk reduction, and efficient post-trade settlement. It represents a meaningful step in advancing digital asset trading infrastructure and driving institutional adoption." Driving Institutional Adoption Globally Bybit and Cactus Custody share a joint vision of supporting institutional adoption with compliant, transparent, and scalable infrastructure. This partnership is particularly impactful for institutions in the Asia-Pacific region, where regulatory clarity, risk controls, and capital flexibility are essential to long-term engagement. #Bybit / #TheCryptoArk / #IMakeIt About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at
New Indian Express
2 days ago
- Business
- New Indian Express
Paytm swings into black, makes Rs 123 crore net profit in Q1 of FY26
MUMBAI: One 97 Communications, the parent company of Paytm, has reported a consolidated net profit of Rs 123 crore in the June quarter as against a net loss of Rs 839 crore a year ago, boosted by strong lending business that helped it report Rs 1,918 crore in revenue, up 28%, and a tight leash on expenses. The year-ago quarter saw the company taking the full impact of the RBI direction, which came into force from mid-February 2024, to shutter its key payments business for not properly following the KYC norms and a host of other failures despite repeated warnings. Operating revenue for the quarter stood at Rs 1,918 crore, growing 28% on-year and marginally up from Rs 1,911 crore in Q4 of FY25. Total income, which includes other income, rose to Rs 2,159 crore. Contribution profit (sales revenue minus all variable costs) rose 52% to Rs 1,151 crore, with contribution margin expanding to 60%, up from 50% a year earlier. Total expenses came in at Rs 2,016 crore, 19 percent lower than Rs 2,476 crore in the year-ago period, aided by tighter control over employee and marketing spends. Net payment revenue rose 38% to Rs 529 crore, driven by an expanding base of high-quality subscription merchants and better payment processing economics, the company said in a statement Tuesday.
Time of India
6 days ago
- Business
- Time of India
Mutual Fund KYC process got simplified: Now complete your KYC at your nearest Post Office
Academy Empower your mind, elevate your skills What is KYC? Which documents are accepted as Proof of Identity (PoI) and Proof of Address (PoA)? How to check your mutual fund KYC status New KYC rules for mutual fund investors What does each KYC status imply? Now, the Department of Posts (DoP) will provide Know your customer (KYC) verification and document collection services through its post offices for mutual fund investors. This enables postal employees to assist investors in completing KYC forms, verifying and attesting self-attested documents, and transferring them to Asset Management Companies (AMCs).According to a release on July 17, 2025, 'The Department of Posts signed an Memorandum of Understanding (MoU) with the Association of Mutual Funds in India ( AMFI ) to offer KYC verification and document collection services through its 1.64 lakh+ post offices, ensuring smooth compliance for mutual fund investors.'AMFI will facilitate this initiative on behalf of its member AMCs to achieve 'KYC Validated' status for investors in the records of KYC Registration Agencies (KRAs).Also read: Mutual fund KYC status: Meaning of validated, verified, registered KYC and how it impacts for MF investments Know Your Client (KYC) means identifying and verifying the client's identity and the identity of the beneficial owner through documents submitted for Proof of Identity (PoI) and Proof of Address (PoA) and compliance with rules, regulations, guidelines and circulars issued by the Board or any other authority for Prevention of Money Laundering from time to following documents are acceptable as PoI and PoA:i. the passport;ii. driving licence;iii. proof of possession of Aadhaar number;iv. the Voter's Identity Card issued by Election Commission of India;v. job card issued by NREGA duly signed by an officer of the State Government;vi. the letter issued by the National Population Register containing details of name address; orvii. any other document as notified by the Central Government in consultation with the any mutual fund website or register and transfer website where you have an investmentCheck for KYC status linkEnter your 10-digit PANYour KYC status will be displayed as validated/ registered/on hold /rejectedThe new rules for Know-Your-Customer (KYC) standards for mutual funds, which came into effect on April 1, 2024, impact how easily a person can invest in mutual fund your KYC status is KYC Validated, you can do any your KYC status is registered, you can do transactions such as purchases, redemptions, switches, SIPs, etc. in all your existing mutual fund investments without any if you want to invest in a mutual fund where you don't have any investment already, you will have to do your KYC once your KYC status is KYC on hold or rejected, the website will show the reason for 'KYC On-Hold'/Rejected status; it could be: mobile or email not validated, PAN is not linked with Aadhaar or deficiency in the KYC documents, will have to fix the reason for your KYC by understanding why it was put on hold or rejected.
