More NewsTravelex Launches Corporate Payment File Transfer Solution

Travelex Launches Corporate Payment File Transfer Solution

Travelex Global Business Payments, a provider of international payments and foreign exchange (FX) solutions, has launched an application for its corporate clients and partners enabling them to process payments automatically and save thousands of man-hours. The new functionality is a payment file transfer solution called Travelex fx360 that allows businesses of any size to upload a single file of multiple types of payments directly into the payment processing system and then have the file reconcile back into their accounting or enterprise resource planning (ERP) system.

Travelex fx360 accepts and processes payment files in a variety of formats and converts the files into one format for all payment types – wires, drafts, domestic, international, and multi-currency – using a unique file mapping technology.

“Travelex fx360 enables the replacement of an entire network with a single, flexible interface that processes several payment types and currencies from multiple banks and many clients have already taken full advantage of this leading edge payment processing technology,” said Adam Tiberi, senior vice president of global product management at Travelex. “It completely eliminates a client’s dependency on costly IT resources and significantly reduces the time it takes the IT team to format payment files to a proprietary bank interface, which in turn increases productivity.”

Related Articles

Preparing for GDPR? Here’s four things to consider

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

2m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

3m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

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

3m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

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

3m 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

4m 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

4m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

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

4m Tasja Botha
FX for corporates: 5 best practices for treasurers

Economy FX for corporates: 5 best practices for treasurers

4m Mateo Graziosi