Decentro vs MyEmployment

Decentro is a Banking-as-a-Service platform that provides financial modules through APIs and SDKs. Its global collection service lets businesses accept international payments in local currencies through a unified API, with payment options including cards, SWIFT, SEPA, domestic transfers, and virtual accounts. The collection page lists 9+ currencies, though available collection and settlement currencies depend on Decentro’s licenses and support as a payment service provider.

Other offerings include multi-currency accounts, escrow, and a ledger for transactions and balances. The multi-currency escrow service supports holding, splitting, and releasing funds, and lists USD, GBP, EUR, AED, AUD, and JPY. Incoming payments can be matched to invoices. A web dashboard shows transaction data and balances, supports payment initiation, and provides reconciliation reports.

MyEmployment provides employment and income verification while giving employees visibility and control over requests to access their data. Employees can get an alert when a request arrives, approve or deny it, set general preferences, or freeze access to their report. The service covers current and former employees, including people who left an employer years ago. For employers, it handles incoming verification requests and can verify new hires. MyEmployment says it connects with more than 60 payroll and HRIS platforms, including ADP, Paychex, Gusto, Workday, and UKG; verifiers can connect through a REST API. The company says it is SOC 2 certified and complies with the FCRA and major state privacy regulations. It describes encryption, verifier credentialing, permissible-purpose checks, and request monitoring and audits. Employee and employer services are free. Standard verification costs $59, paid once, paid by the verifier. The listed platforms are Android, iOS, web, and API.