Banking Services

AydenPay is working with local banks to assist MRB's gain access to  

Normalized Banking Services.

Our Vision

  • Our Vision is to provide Normalized Financial Services by leveraging technology to enable us to service under and unbanked individuals or entities in a compliant manner.

What is Normalized Banking? 

  • Normalized Banking is the having the same access to standard banking at standard rates.

  • There are many challenges to getting a standard Direct Deposit account when operating a "High Risk Business." AydenPay Banking Services is working directly with MRB's to supply the same banking services as any other standard Non High Risk Business.

  • AydenPay reduces your banks risks resulting in much lower fees for you and your patient customers.

How can AydenPay help my MRB with Normalized Banking?   

  • AydenPay has Partner Banks ready to work with your MRB.

  • AydenPay offers assistance to access Normalized Banking for MRB’s in Missouri with best in class banking partners. 

  • AydenPay has created these banking relationships to help your MRB get a bank a direct deposit account when working with AydenPay Banking Services.

  

  • AydenPay offers direct assistance for your MRB to get an account.  AydenPay works with your company to prepare the documentation and application that will be needed to get your account.  AydenPay will stream line the process and add credibility to your company.

Do the Patients have to use a specific bank to use AydenPay?

 

  • AydenPay works with your existing bank. 

  • Simply download the App and fill out a simple form to connect your existing bank account.

  • Contact AydenPay to find about more about setting up a New account with one of our banking partners.

Is AydenPay a Bank? 

  • AydenPay is not a bank but is a licensed Money Transmitter in the state of Missouri.  A Money Transmitter is a non-bank financial institution that is licensed and insured to handle money and electronic transactions.  As a money transmitter AydenPay will "Net Settle" on a daily basis so that the funds are transferred to the accounts of the MRB.

Can AydenPay help my MRB get an account? 

  • AydenPay offers direct assistance for your MRB to get an account.  AydenPay works with your company to prepare the documentation and application that will be needed to get your account.  AydenPay will stream line the process and add credibility to your company.

AydenPay, a dba of MGPayments LLC, will only operate as a fully compliant, bonded and insured financial institution. AydenPay will maintain registration and compliance with the Financial Crimes Enforcement Network (FinCEN), a bureau of the United States Department of the Treasury and any other jurisdiction where operational, including individual states within the United States.

 

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