SVB & Signature - Does It Impact MassPay?

We are living in interesting times. Perhaps times that are a bit more interesting than we would like.

 

In light of SVB and Signature Bank being closed by regulators, it is important that you - our customers, partner and team members - understand what this means for MassPay.

 

I want to assure you that our business operations have not been impacted by the recent closure of SVB Silicon Valley Bank, Silvergate Bank and Signature Bank.

 

Our financial stability and business continuity remain unaffected.

 

We continue to operate at full capacity.

 

As you know, we always prioritize the safety and security of our clients' investments and our internal financial management.

 

We maintain an active risk management program to mitigate any potential risks to our business operations.

 

Our company's financial health remains strong, and we have a solid contingency plan in place to ensure uninterrupted service to our clients.

 

I understand that recent events may have caused concern and uncertainty, but I want to assure you that we remain committed to providing the best possible service to our clients and partners.

 

We will continue to monitor the situation closely and take appropriate actions to mitigate any risks that may arise.

 

If you have any questions or concerns, or if we can be of any assistance to you as you navigate this rapidly evolving situation, please contact us. We are here to help.