International Payments
International Wire Transfers for Financial Institutions
Process international payments faster, easier, and more accurately. In today’s global economy, demand for quick and reliable ways to securely send and receive funds overseas has increased.
As our international payments’ customer, you have access to our Swift membership and Swift GPI capabilities to help you track and process faster payments. Meet customer demands with the ability to wire payments to and from almost 250 countries in both USD and foreign currency. Work with your existing domestic platform or use our proprietary platform, Correspondent Bank Connection.
Key Benefits:
- Increase fee income by adding a spread to your customers’ transaction rates
- Flexible options to process wires efficiently and easily
- Greater tracking and transparency through our integration with Swift GPI
- Access to PCBB’s experienced wire investigation team
Choose the Best Solution—Connect to Our Platform or Yours!
We offer two convenient options to easily and reliably send international wire transfers for your customers. Whether you have your own platform that you’d like to send wires from or you’d like to use PCBB’s, you can benefit from the same services.
PCBB’s proprietary, secure wire transfer platform allows you to send domestic and international payments, and much more. Alternatively, our Financial International Transfer (FIX) solution utilizes your domestic wire system to securely transfer international payments.
| Benefits of Correspondent Bank Connection (CBC) | |
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Track wire status and details directly through the CBC platform |
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Swift and IBAN auto-validation |
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Step-by-step support for full confidence and total compliance |
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Backup contingency system for your financial institution |
| Benefits of Financial International Transfer (FIX) | |
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Access to CBC and all of the features and benefits listed |
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Single-entry process reduces the likelihood of errors |
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Minimal training required |
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Easy to configure |
Swift Offers Global Connectivity
Through PCBB, you have access to the Swift network without the burden of membership costs. You’ll have access to a fully functional Swift system for safe and efficient messaging when processing wire transfers around the world.
Swift GPI Offers Faster Payments with Traceability
Our payment platform is enabled with Swift GPI to make faster payments possible. Almost 100% of funds are credited within 24 hours and 40% processed within 5 minutes with Swift GPI.
Similar to tracking packages, Swift GPI also offers capabilities to track international payments in real-time, with a unique end-to-end transaction reference (UETR) number. The Swift GPI solution also offers the following key benefits:
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Available for both incoming and outgoing foreign wires |
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Reduction in investigation time |
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Transparent settlement and associated fees |
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Fast transaction speed and crediting |
Payment Integrations
PCBB is the first bankers’ bank to directly integrate with the Payments Exchange: Foreign Exchange Services platform (formerly WireXchange: FX). Learn more about other integrations.
Reg. E Transfer Compliance
Reg. E protects consumers who send remittance transfers abroad. It applies to financial institutions with over 500 remittance transfers per year, who also meet other criteria. Our international payments solution makes it easy to incorporate the Reg. E requirements into your remittance transfer workflow process.
We keep you compliant with:
- Client disclosures in 5 different languages that can be emailed, printed, and archived in our CBC banking platform
- The incorporation of the required 30-minute wait period
- Full access to our international team to assist with error resolution
- Training and ongoing support
With International Services from PCBB, we operate more efficiently and have streamlined our processes. We also retain our current customers and attract new ones with the addition of these services from PCBB.
The Importance of Cross-Border Payments
Most businesses find cross-border payments essential to their business. Demand is expected to grow. Learn why international payments should be part of every community financial institution’s core offering and how to address pain points.
