Teller vs. Cyclos

Teller provides a highly intuitive API that allows for the effortless verification of account information, streamlines money transfers, handles payments, and enables transaction monitoring, among various other features. This solution makes it easy to incorporate bank accounts into your application, offering appealing account enrollment interfaces that securely relay sensitive data directly to our safeguarded servers, thereby easing any apprehensions your team may have. In contrast to numerous other services that depend on screen scraping—a method that is often unreliable and slow, which can lead to downtimes and outdated data—Teller interfaces with every financial institution through legitimate APIs. Consequently, users gain access to up-to-date and precise banking information that remains consistently dependable. Testing this functionality is straightforward, as you can simply run the command provided in your terminal. With Teller, you can forge trustworthy connections to bank accounts, ensuring that your users feel secure and at ease. Moreover, the integration of Teller not only enhances your application's capabilities but also elevates the overall user experience, making it a valuable addition to your tech stack. Discover the ease and dependability of incorporating Teller into your application today.

You have the ability to handle payments, examine your transaction history, or search for products, which represent only a fraction of the many functionalities accessible online. If you prefer interacting through voice, our Interactive Voice Response system provides a way to process payments and retrieve account information simply by dialing a specific number. Moreover, you can easily make payments by scanning a QR code from printed materials or by generating a QR code directly within our application for incoming transactions. Our solution is engineered for clusterability, guaranteeing high availability, effective load balancing, and proficient caching. We prioritize robust security measures in accordance with standards such as ISO 27002, PCI, and EBA, positioning security as a fundamental aspect of the Cyclos architecture. Additionally, payment fields can be tailored to your needs, and various transaction rules can be enforced, such as limits on PINless payments, as well as minimum and maximum transaction thresholds, and channel restrictions. There are also options to facilitate monthly contribution payments, manage demurrage and interest payments, along with flat or percentage-based transaction fees, and the capability to develop custom fee calculations through scripting extensions to cater to a wide array of requirements. Thus, our platform not only offers unparalleled flexibility but also reinforces security to ensure a safe financial transaction experience for all users. By meeting diverse demands, we strive to create an adaptable environment for managing your finances seamlessly.