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Bulk Payments
With Fides Electronic Funds Transfer bulk payments you can manage your cash flow around the world in a 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 in one single, uniform way to Fides, encrypted and secured by electronic signatures. Fides will convert the files into bulk formats as required by your selected banking partners and transmit the instruction to them. Banks and countries with smaller volumes get instructed with single payment instructions.
Fides bulk payment solutions require proper planning and testing. The devil is always in the detail. Often small converters need to be programmed to match your uniform file format with the format required by the banks. Experience shows that these investment costs are paid back by the efficiency gains within months. The Fides team is looking forward to consulting you on these projects.
You can transmit the payment files via ftp, sftp, AS2 through the DTA payment hub.
Do you want to discuss your potential for global bulk payments, please do not hesitate to contact us for a first discussion.