PayFac Payment Platform
Domestic, Regional and Private Banks
Market Leading International Payment and FX Service
Many Smaller banks offer international payments and FX as a core service to customers and in recent years this has been threatened by non-bank providers who provide customers with a slick internet based solution and a focussed service offering. If your International Payment and FX offering has suffered from lack of investment and is becoming uncompetitive or if you want to take out the cost of maintaining your legacy system then TransGlobal can quickly provide a strategy and solution to solve these issues
We offer banks two flavours of solution:
1. A cost effective, fully branded International Payment and FX platform
2. A complete International Payment outsourced solution including both the customer platform and a fully regulated back office service.
1. A Fully Branded International Payment and FX Platform
Key Features:
- PayFac is a turnkey, market leading, highly secure cloud based Payment and FX platform with a track record of reliably processing billions of pounds in payments over the last 5 years
- Low cost of ownership with no upfront software cost – a simple monthly fee structure that includes hosting.
- Operated and managed by your own back office.
- Fully branded to match your existing web presence.
- Proven fast integration process into your back office and/or your current global payment links.
- Go live typically in under 3 months.
- PayFac API+ allows your payment solution to be integrated into your client business applications giving them straight through processing and reducing your back office costs.
2. A Complete International Payment Outsourced Solution
Key Features – as our fully branded platform plus:
- FCA standard compliance and regulatory control service
- Customer account management
- Payment processing
- FX Trading desk
- Repair and investigations
- Accounting and reporting
Our Payment outsourced solution can be provided for a fixed monthly fee or on a revenue share basis.