SWIFT
The centralisation of treasury and payment functions can create many challenges, including:
- managing several banking relationships
- handling different payment standards
- accommodating manual processes for multiple payment types
To help with these problems SWIFT has opened up its network so that corporates can now implement a single platform to exchange financial information with their banks. To maximise the benefits of this service corporates need to consider how to:
- rationalise their proprietary banking software
- achieve STP of payments and statement information
- transform file formats to the single SWIFT standard
- improve cash management visibility and working capital management
How we can help you take advantage of SWIFT
Experian Payments Gateway enables you to communicate with your banks through a single gateway and simplifies operations by transforming back office format to the SWIFT standards.
By automating your processes Experian Payments Gateway helps you reduce cost, risk and fraud while improving cash position visibility.
Experian Payments Gateway supports outgoing payment instructions (MT101, MT103 and MT103+), incoming statement instructions (MT940 and MT942).