Treasury Services

BNY+MOCAFI®

A digital disbursement option designed to enable financial inclusion.

Disburse funds to your unbanked payees quickly and efficiently

Help your unbanked and underbanked payees to receive funds with our MoCaFi (Mobility Capital Finance Inc.) digital payment option. The new disbursement service offered through BNY's Vaia® platform, allows our government, higher ed and corporate clients to seamlessly distribute payments and disbursements, such as disaster relief, financial aid and employee payroll, to individuals without full access to financial services.

With a mission to lay the financial groundwork to help close America’s wealth gap, our service can offer:

BASIC BANKING SERVICES

featuring a prepaid debit card provided to unbanked and underbanked individuals through the MoCaFi platform.

VITAL CASH INJECTIONS

that reach the communities where they are needed most, timely and effectively, and extend support to many more in need.

EASY ACCESS

through the BNY Vaia platform by creating a more seamless experience for corporations and municipalities to access digital payments options.

"Access to modern banking services is one of the best approaches to making our economy more inclusive, and by working with BNY we are helping to provide opportunities to as many people as possible. "

— Wole Coaxum, CEO and Founder of MoCaFi

Available through BNY Vaia

Through a single integration, Vaia gives payees instant access to a wide variety of the latest digital payment rails, letting them choose how they want to be paid – quickly and securely.

Learn more about Vaia

"We can have intentional focus on how you bring more people to take advantage of real-time payments, which if done properly in this country can unlock trillions of dollars of GDP."

— Wole Coaxum, CEO and Founder of MoCaFi

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BNY launches new payment platform Vaia for payee-choice disbursements

BNY introduces Vaia, its new aggregated payment platform that gives U.S.-based institutions access to the latest digital payment options for disbursements.

BNY & MoCaFi®

BNY's Treasury Services business will now provide federal, state and local governments, as well as corporate clients, with a digital disbursement payment service that reaches individuals without current access to basic financial services through MoCaFi's offering.

The MoCaFi Bank Account and the MoCaFi Debit Mastercard are issued by Sunrise Banks N.A., Member FDIC, pursuant to a license from Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. The card may be used everywhere Debit Mastercard is accepted. Use of this card constitutes acceptance of the terms and conditions stated in the Account Agreement. The MoCaFi Bank Account is marketed and administered by MoCaFi. MoCaFi is a financial technology company and not a bank. Banking services are provided by Sunrise Banks N.A. Your funds are FDIC insured up to $250,000 through Sunrise Banks, N.A., Members FDIC.

Rental Payment Reporting is not Sunrise Banks N.A. products, nor does Sunrise Banks N.A. endorse this feature.