Burns Launches FES and beX Remittance Advice Delivery Service
FES is the managed service that allows organisations to process and route electronic payment instructions to their domestic and international banking partners. By adopting the FES Remittance Advice Delivery Service, banks can offer the service, branded as their own, to their corporate customers as an extension of their existing payment facilities and cash management offerings. The managed service will allow customers to outsource all their remittance document delivery directly to their bank. The FES Remittance Advice Delivery Service enables companies who make large numbers of international and domestic supplier payments to eliminate traditional postal and fax remittance distribution. Burns also announced the launch of Burns Business Exchange (beX) Remittance Advice Delivery Service, making the managed service available directly to corporate clients of Burns.