11 Global Payment Formats


This ebook outlines the 11 most widely used global payment formats a treasury team should be aware of and accept to constitute a healthy payment mix

Contents

Chapter 01

Executive Summary

Chapter 02

11 Global Payment Formats

Chapter 03

Arriving at a Preferred Payment Mix

Chapter 04

Standardized Cash Application Process

Chapter 05

About HighRadius
Chapter 02

11 Global Payment Formats


ACH Payments

 

Wire Payments

 

Check Payments

 

Credit Card Payments

 

Virtual Card Payments

 

Real-Time Payments

 

BACS Payments

 

SEPA Payments

 

CHAPS Payments

 

SWIFT Payments

 

E-wallet Payments

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HighRadius eipp software provides tools that automate and speed up invoice communication and facilitate a faster collection of payments, enabling a closer and more convenient relationship with customers. It automates the invoice transmission and payment collection process providing a configurable solution that supports multiple invoice formats and different modes of transmission (fax, email, portal, etc.) depending on the targeted customer, its integration with ERP systems and a rich search capability enables efficient storage and retrieval of past invoices, backup attachments to minimize disputes and short pays. Apart from that it also has some key features that you would not want to miss out: level-III interchange and surcharge; self-service customer portal; invoicing across email, customer portals, post, and fax; advanced deduction management; and lightning e-payments. The result is faster invoicing and payment collection, better customer service, and improved profitability and cash flow.