Currencies Direct delivers online batch payment option
International payments provider Currencies Direct is offering a new online platform for batch payments to help clients making multiple payments in different currencies.
The U.K.-based non-bank foreign exchange and money transfer provider says its new batch payment option will process at increased speeds of more than 10 payments per minute to more than 1,000 payments per minute.
As such, the Currencies Direct platform is targeting clients handling supply chain payments or payroll processing in different currencies.
"With our new platform, we've created a user experience that is smarter and simpler for the end user," Hardik Shah, group head of product at Currencies Direct, said in a Wednesday press release.
"Businesses tell us they are looking for a seamless and transparent end-to-end process that removes manual processes and human error," Shah added. "The new platform directly addresses those needs."
The new platform allows customers to schedule payment runs that include automated data validation in which batch payments in multiple currencies can be checked prior to payment to allow clearer and accurate processing.
Currencies Direct was established in 1996 and says it has helped more than 250,000 customers seeking access to new markets with payment solutions that address the complexities of currency exposure.