The Legal Entities & Bank Verification tab displays the verification statuses of all legal entities and bank accounts for organizations using the R365 Payments Service. Verification is required before financial services can be provided to ensure compliance with banking regulations. Legal entity verification is completed through https://restaurant365.meow.com/.
Verification statuses are shown for every legal entity and bank account including those not actively used with R365 Payments Service.
Security
Users must have the following permission(s) to access the Legal Entities & Bank Verification tab.
Banking → Bank Accounts → View Bank Accounts
Administration → Legal Entities → View Legal Entities
Administration → System Setup → System Preferences → View/Edit Payments Contact
These permissions can be added to custom user roles or individual users. The Permission Access report can be used to determine which user roles or users already have these permissions assigned. For more information, see User Setup and Security.
Navigation
Hover over Administration, then select Preferences.
Switch to the Legal Entities & Bank Verification tab.
Legal Entities & Bank Verification Buttons & Fields
Button/Field | Description | |
|---|---|---|
1 | Verify a New Legal Entity | Opens the Meow onboarding page. |
2 | Legal Entity | Legal entity name and Tax ID. Click to open the legal entity record. |
3 | Legal Entity Verification Status | Displays the verification status for the legal entity as either:
|
4 | Bank Accounts Section | Displays all bank accounts associated with the legal entity. |
5 | Expand/Collapse | Expands or collapses the bank accounts section. |
6 | Bank Account | Displays the following information for the bank account:
If any optional fields are missing from the bank account record, they will be not be displayed. Click to open the bank account record. |
7 | Bank Verification Status | Displays the verification status for the bank account as either:
|
8 | Add Bank Account | Opens a bank account record for creation. |