Introducing Money Transmission Services for Procore's financial services. Procore Payment Services, Inc. is in the process of obtaining its money transmission licenses in all required jurisdictions, ensuring compliance with state and federal regulations.
This new feature allows Procore to transmit money as directed by its clients without them having to obtain a separate bank account, providing a seamless and compliant financial transaction experience. Customers can now onboard, link their operating accounts, and move money with confidence, enhancing trust and peace of mind in our platform. For more information see Release Notes and About Procore Pay Services.
