[MCNetwork]

Almost none of the large lenders I work with require bank login information. The stacking companies tend to ask for this because many of their deals are structured where the daily payment is a percentage of gross deposits and they have to see what the daily deposits are. Another time a lender needs login information is if the credit card split is paid back through daily ACH (CAN Capital offers this retrieval method). Since this number varies each day depending on the batch size, the login information is required. For all other MCAs or fixed ACH deals, bank login should not be required.

If necessary, funders can do a bank verification without needing to log into the account. Or the merchant can send in a month-to-date transaction report on the day of funding if there is concern about double fundings.