TERMS OF TRANSFER

Last updated January 01, 2019

INTRODUCTION

Financial institutions and remittance providers play an important role in our network. Kafali Pay inc. is an agent of our money transmitting partners and an API user of Dwolla, Inc.(an agent of Veridian Credit Union) and all funds associated with your account in our network are held in one or more pooled accounts at Veridian Credit Union. These funds may not be eligible for share insurance by the National Credit Union Share Insurance Fund. KafaliPAY inc. is the operator of a software platform that communicates user instructions for funds transfers to Veridian Credit Union (Dwolla) and by extention, our money transmitting partners on our platform.