- Both domestic and cross-border payments are supported
Peterborough, U.K, 26th February 2002
Global Payments, a leading provider of cash management solutions, announces a new bulk payments service, which enables financial institutions to process bulk payments through the corporate web-based banking application, 'iGlobal Banker'. iGlobal is a true corporate Internet banking product, enabling banks to provide their corporate clients with a comprehensive range of payment and cash management services over the Internet.
The bulk payments service enables the import and subsequent mapping of payment files from all enterprise (ERP) and treasury systems allowing the secure and seamless transfer of payments. It also provides for acknowledgments of payments, collection of data from the bank and balance and transaction data retrieval. The Bulk Payments Service of 'iGlobal Banker' enables banks to interface in a real time manner as well as file loads, on a store and forward basis
If a corporate customer presents a multi-country file (e.g. a mixture of domestic and cross-border payments), it is passed through the Bulk Payments Service onto the 'iGlobal Translator'. The iGlobal Translator ensures the payment file(s) are translated into a bank-accepted local format, before they are sent to that bank. The transactions will also be split into domestic and cross-border payments, ready to be processed. This ensures the banks and their corporate clients have the flexibility to process all payment types.
Global Payments launch a new Bulk Payments Service, which extends Payment and Statement services for Banks and their Corporate Clients.
John Adams, Business Development Manager at Global Payments comments "The new Bulk Payments Service ensures that all payment types (domestic and cross- order) can be supported by "iGlobal Banker", reinforcing its position as a market leading product in the world of corporate internet-banking."