Payment-Industry News

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In global B-to-B payments, speed matters even after the money moves

With over five years of experience in handling real-time business-to-business payments, Transpay has learned that there’s more to faster payments than just moving funds. The system has to accommodate a cleaner, rapid process for resolving any issues that arise along the way.

Unlike a traditional wire transfer process in which banks use corresponding banks to move money along internationally through Swift, the amount of money sent through Transpay is the amount that shows up on the receiving end. This eliminates confusion that can come from the involvement of intermediaries, the company says.

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