International Payments Made Easy

Reducing cross-border payment processing expenses increases profit margins, reduces cost of sales, and improves cash flow. Now, businesses have an easy method to transform international payments into low-cost local transactions with no risk. International payments are streamlined and the complicated process of handling cross-border electronic transactions is greatly simplified. Unique technology links together an expansive global network of bank accounts. As a result, international transactions are processed at local “in-country” rates. Because the payments are performed on a local basis they are much cheaper and faster than other transaction methods.

The benefits of a consolidated international payment system include:

• Improved method of receiving, sending and tracking international payments
• International payment delivery times are shortened
• Reduction in operating expenses. Eliminate costs of multiple bank relationships and maintaining country-specific payment formats
• Up to 90% in savings in payment processing fees
• Increased productivity and better systems management
• Decreased currency conversation requirements and costs

Companies access the international payment system through a single log-in. The system eliminates the need to maintain multiple, country-specific payments formats and to juggle bank relationships in every country. Instead, payments are collected and disbursed securely through local payments systems in countries around the world via a single electronic connection.

Low-cost international payments deliver substantial savings because clearing and settlement is done on a local level. Delivery times become more standardized. And currency conversion fees apply less often.

International payments are sometimes referred to as global ACH. Strictly speaking, the term ACH refers to US electronic funds transfers made through the Automated Clearing House network. But, functionality, international bank transfers are analogous to ACH in that they are bank-to-bank electronic funds transfers.

Receiving and sending money in local currency is important for international businesses. But, old-fashioned payment methods such as wire transfers are expensive both for customers and merchants. By taking advantage of modern payment processing technology, businesses increase revenues, enhance customer satisfaction, and drive new sales.