Clear2Pay upgrades Corporate2Bank Payments solution

Thursday 14 October 2004 23:00 CET | News

In response to market demand from both the corporate and the bank side, Clear2Pay has enhanced its bulk payment offering with the launch of Corporate2Bank Payments.

Clear2Pay C2B Payments provides banks with a solution to directly interact with their corporates’ ERP systems helping them to optimise their financial supply chain. Banks and corporates alike can thereby dramatically decrease their processing costs. Clear2Pay C2B Payments improves the end-to-end information exchange, from buyer to buyer’s bank, to seller’s bank and to the seller, making it seamless between the ERP systems of corporates and the front-, mid- and back-offices of banks. Its flexible routing intelligence can also be used to directly deliver payment orders to local – and regional clearings or to SWIFT. Key features - Complete automation of payment processing - Supports any payment format (MTXXX, EDIFACT, ISO20022, etc.) - Ability to warehouse payments for later processing - Secure web screen to configure electronic notifications of payment status - Wide range of standard internal and external communications adapters for rapid implementation - Processing of remittance advices The C2B payments application can be integrated with external customer systems and internal bank systems in a variety of modules.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce