With Fides Electronic Files Transfer (EFT) bulk payments you can manage your cash flow around the world in a very convenient and cost efficient way.
You can plan and generate your bulk payment files in your preferred Enterprise Resource Planning (ERP) System or Financial Planning Software and submit them to Fides - encrypted and secured by electronic signatures - in one single, uniform way of your choice. Fides then converts the files into bulk formats as required by your banking partners and transmits the instruction to them. Banks and countries with smaller volumes get instructed with single payment instructions.
Bulk payment solutions require proper planning and testing, since small details can lead to unexpectable and unacceptable results. In many cases, small converters need to be programmed to match your uniform file format with the format required by the banks. Experience shows that the investment costs for such programming are amortized within a few months due to the efficiency gains. The Fides team will be pleased consulting you regarding your company's bulk payments.
Bulk payment instructions can be transmitted via FTP, SFTP and AS2 through the DTA payment hub.
If you would like to discuss your gains by using EFT, do not hesitate to contact us.