The Currency Cloud says it has the answer for companies dealing with the costs of completing an international payment.
Currency Cloud, provider of cross border payment-as-a-service, has developed XBP Connect, an application interface that allows payment/invoice software developers to integrate international payment processing, the London–based company announced Feb. 14.
XBP Connect allows developers to add the international payment functions into existing applications and platforms, the company says. Without such as system, payments software required users to engage a third party to process an international invoice.
"Making an international payment should be as easy as making a domestic one," Currency Cloud CEO Mike Laven states in a press release. "With XBP Connect, developers can create apps and services for low-cost, simple currency conversion on a range of enterprise software."
The XBP Connect interface allows users to make international payments "with just a couple of clicks" and eliminates the need for payments departments to make numerous phone calls or disengage from their company's core accounting process, Laven says.
XBP Connect allows developers to integrate individual Currency Cloud features or the full service into a company's existing workflow software. These features include displaying exchange rates, receiving funds, managing beneficiaries, buying and selling currency, controlling settlements, managing accounts, making payments and managing risk, the company says.