PULSE: Bank Frick launches new 23/7 payment service

PULSE is a new payment service launched by Bank Frick. PULSE enables clients to settle fiat transactions within the same currency on the Bank Frick network directly. Payments are made in a very short time – regardless of cut-off and business hours, seven days a week.

Overcoming restrictions in payment transactions

Traditional fiat transactions are often subject to restrictions, such as limited business hours and manual checks. Such restrictions slow down payment transactions. “With PULSE, clients can overcome these hurdles and take advantage of a powerful product that enables fast transactions on the extensive Bank Frick network,” says Bank Frick CEO Edi Wögerer.

Bridging the gap between fiat and crypto

Bank Frick’s clients include traditional financial intermediaries, investors and private individuals. As a European blockchain pioneer, however, Bank Frick also counts among its clients crypto infrastructures such as crypto exchanges and crypto brokers. With the payment service PULSE, Bank Frick is bridging the gap between these two worlds. Thanks to PULSE, traditional clients now have the option, for example, of making fiat payments on crypto exchanges outside of regular banking hours.

“With our payment service PULSE, we are now seamlessly closing the gap between traditional financial systems and the world of cryptocurrencies for our clients,” explains Wögerer. “PULSE is a powerful product that takes advantage of our diversified client network and significantly increases efficiency by enabling fast transactions between clients.”

Access for all clients at no additional cost

“All clients of Bank Frick have access to PULSE at no additional cost, regardless of whether they are institutional clients or private individuals. There are no further requirements or restrictions,” adds Wögerer.

 Further information is available at https://www.bankfrick.li/en/PULSE

About Bank Frick

Bank Frick specialises in banking for professional clients. The Liechtenstein bank provides a fully integrated offering of classic banking and blockchain banking services. Its clients include fintechs, asset managers, payment service providers, family offices, fund promoters, pension funds and fiduciaries.

Bank Frick has been family-run since its foundation as a licensed universal bank in 1998, and it adopts an entrepreneurial approach. Today the Bank is entirely owned by the Kuno Frick Family Foundation (KFS). The Bank employs over 200 members of staff at its Balzers office and operates a branch in London, UK.

Bank Frick is one of Europe’s pioneers of the regulated blockchain banking sector. The offering covers trading and custody of crypto assets and token sales. The Bank also develops tailored crypto-structuring solutions for intermediaries.

In addition to its highly regarded basic services, Bank Frick’s classic banking offerings cover services for funds and issues, focusing on formulating European (AIF, UCITS) and national fund solutions. In the capital market sector, Bank Frick develops tailored financial products for intermediaries and supports them along the whole issue process, acting also as a custodian bank.

Bank Frick is the only Liechtenstein bank with acquiring licences from Visa and MasterCard, and it can process card payments globally for payment service providers and their online merchants.