More NewsGlobal Payments Launches New Bulk Payments Service

Global Payments Launches New Bulk Payments Service

The bulk payments service enables the import and subsequent mapping of payment files from all enterprise (ERP) and treasury systems, allowing the secure 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.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha