FV Bank Launches Virtual Accounts to Streamline International Payment Attribution

FV Bank has introduced a new Virtual Account feature designed to assist business clients automate and scale the attribution of incoming international payments. The U.S.-licensed digital bank said this functionality allows customers to assign unique, dedicated account numbers to their clients or counterparties, enabling automatic reconciliation and reducing operational overhead.

The bank said that with Virtual Accounts, each counterparty can receive a pre-generated account number tied to clear deposit instructions. When funds arrive via SWIFT, ACH, Domestic Wire, or USDC stablecoin, FV Bank automatically identifies and attributes the payment to the correct underlying party.

“We are addressing a real pain point for our customers”

Miles Paschini, CEO of FV Bank, commented, “Our mission at FV and efficiency to modern banking. With the launch of Virtual Accounts, we are addressing a real pain point for our customers—automating the attribution of incoming funds and , while materially improving our compliance capabilities. This feature empowers our clients to scale their operations with confidence, while maintaining the transparency and control they need in today’s quick-moving global economy.”

The bank said this structure improves its internal controls by enhancing Know Your Customer’s Customer (KYCC) visibility, supporting better compliance and .

Businesses using FV Bank’s Virtual Accounts will have access to:

• Unique virtual account numbers for each client or counterparty
• Support for major payment types including SWIFT, ACH, Domestic Wire, and USDC
• Full API access for platform integration
• Strengthened compliance and KYCC mechanisms

The feature targets industries that require precise fund attribution and high-volume payment reconciliation, such as regulated legal and financial service providers, marketplaces, crypto platforms, and payment processors.

FV Bank said this answer addresses the traditional challenge of manual reconciliation, which is often sluggish, prone to error, and resource-intensive. By automating this process, clients can achieve greater scale and operational efficiency without compromising on control or compliance.

The launch follows FV Bank’s ongoing efforts to integrate and traditional banking services under a unified, regulated infrastructure tailored for institutional and fintech clients.