Instant payment platform Interchecks raises $50 million in Series C funding.

CoinFeed reported on June 16th that, according to PR Newswire, instant payment platform Interchecks announced the completion of a $50 million Series C funding round. Investors included Better Capital, Commerce Ventures, Decades Holdings, and Thayer Street Partners. The company also launched its Account Funding Transactions (AFT) product, based on debit cards, which supports real-time deposits to compliant accounts via debit card networks and integrates risk control features such as account verification, real-time duplicate card detection, customizable limits, and suspicious behavior monitoring.