Abstract
SWIFT's e-paymentsPlus is the financial industry's solution for secure end-to-end electronic payments supporting STP and reconciliation in B2B commerce e-paymentsPlus allows corporate buyers to initiate domestic or cross-border payments from an Internet website (e.g. at the time of purchase), or directly from their ERP or cash management systems. In all cases, the underlying commercial information (e.g. purchase order, invoice, remittance advice) can be attached to the payment instruction. e-paymentsPlus stores the commercial and payment data and applies a unique identification number to the transaction.
In turn, suppliers receive online confirmation of payment initiation, optionally coupled with a bank's payment assurance. This confirmation includes the related commercial information to facilitate reconciliation of the payment with account receivables.
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Design & Development by deepX Ltd. |