Treasury Payments

Multichannel Payments

Reduce Costs and Increase Contingency. Choose your own payment channel.

Full rail optionality. Either predetermine the rail or rely on the system to determine the optimal rail to balance speed and cost.

Multichannel Payments

Key Features

Multichannel Payments

Direct Bank (Host to Host) Payments

Direct bank connectivity. Reduce payment costs for high volume of payments to a bank.

Multichannel Payments

Swift Service

Use SWIFT network as one communication channel to 100s of banks to make payments.

Multichannel Payments

Multiple Payment Methods

Move money efficiently by providing an ability to process outgoing payments across multiple methods - Instant, ACH, Same Day ACH, Domestic Wire, International Wire - all in one platform.

Multichannel Payments

Local Rails for Domestic and International Transfers

Process domestic and international payments faster using local rails globally, reducing the processing time and eliminating international transaction fees.

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FAQs: AI-Powered Multichannel Payments Solutions

What is multi channel payments software?

Multi-channel payments software streamlines payment processing across multiple channels like direct bank connections, SWIFT, and APIs. It enhances efficiency by optimizing speed, cost, and security, ensuring seamless multichannel payment processing for businesses of all sizes.

This software supports omni-channel payment processing by selecting the most cost-effective and secure method for each transaction. With features like omnichannel payment encryption, it reduces fraud risks and ensures compliance. Treasury teams benefit from real-time execution, improved global scalability, and seamless ERP integration, making it an essential tool for managing diverse payment workflows efficiently.

What are the unique features of multi Channel payments software?

The software offers direct bank connections for large payments, SWIFT services for global operations, and APIs for real-time execution. It ensures secure omni-channel payment processing through advanced encryption.

Its ability to integrate with ERP systems and support multiple currencies makes it highly scalable. Treasury teams benefit from fraud detection, compliance tools, and customizable workflows, enhancing efficiency.

What is the objective of streamlining multi channel payments?

The objective is to streamline multichannel payment processing, ensuring cost efficiency, speed, and security. By leveraging the best payment methods, businesses can minimize operational disruptions and enhance treasury workflows.

Through omni-channel payment processing, the software enables global scalability, improves compliance, and enhances decision-making. It ensures seamless payments across diverse banking networks and systems.

Which key principle does the multi channel payments software work on?

Multi-channel payments solutions work on the principle of optimizing multichannel payment processing by identifying and selecting the most cost-effective and efficient channel, such as direct bank connectivity, SWIFT, or APIs.

Omnichannel payment encryption ensures secure transactions, while seamless ERP integration allows treasury teams to manage workflows more effectively and reduce manual errors.

How can multi channel payments software help your business?

Multi-channel payments software optimizes cost, speed, and security through efficient multichannel payment processing. It reduces manual effort, ensures compliance, and accelerates global payment implementations.

The software ensures compliance with global regulations and enhances payment security with omnichannel payment encryption and real-time fraud detection. Seamless ERP integration provides visibility into transactions and accelerates approvals. Businesses benefit from faster implementations, scalability across banking networks, and improved decision-making, making it an indispensable tool for treasury operations.

What is the Multi-Channel Payments Module, and how does it help streamline payments?

The Multi-Channel Payments Module centralizes and simplifies payment processing by providing multiple connectivity options (e.g., direct bank connections, SWIFT, APIs) and payment methods (e.g., ACH, wires). This flexibility helps optimize payment speed and cost while enabling treasury teams to manage payments more efficiently.

What makes this module unique compared to traditional payment processing systems?

The Multi-Channel Payments Module consolidates all payment methods and channels into one platform, allowing treasury teams to manage payments seamlessly. Its ability to integrate with direct bank connections, SWIFT, and APIs while supporting multiple payment rails ensures unmatched flexibility, scalability, and efficiency.

How does the system handle direct bank payments?

The platform supports host-to-host payments through secure SFTP connections, enabling direct file transmission to designated banks. This option is ideal for clients working closely with specific banking partners.

What is the advantage of using SWIFT for multi-bank payments?

The platform leverages a partnership with FIDES SWIFT Service Bureau to provide a single communication channel to all banks on the SWIFT network. This eliminates the need to establish separate connections with multiple banks, reducing setup time and complexity while ensuring comprehensive bank coverage.

What is Multi-Rail Payments, and how does it optimize payment processing?

Multi-Rail Payments allow users to process outgoing payments across various rails, such as Instant, ACH, Same Day ACH, Domestic Wire, and International Wire. This feature enables users to select the most cost-effective and time-efficient payment method to improve cash flow management.

We work with multiple banks. Do we need to set up separate connections with each one?

 No. The system offers multiple connectivity options:

  • Direct Bank Payments (Host to Host) for main banking partners
  • SWIFT Service via FIDES for broader bank connectivity
  • API connections You can choose the most cost-effective combination for your needs.

How can we reduce the associated costs for Cross Border and International Payments?

The Local Rails for domestic and International Payments feature provides several cost-saving mechanisms:

  • Access to local payment rails instead of SWIFT
  • Competitive FX rates updated every 90 seconds
  • Virtual account infrastructure
  • Reduced international transaction fees 

For example, you can make EUR payments from a USD account without incurring traditional international fees.

Can we lock in FX rates for our international payments?

Yes. The FX Rate Lock-in feature provides:

  • Live FX rates updated every 90 seconds
  • Ability to lock in competitive rates
  • Better rates than typical daily hedged rates
  • Lower fees compared to bank rates