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Empower Your Customer with Bulk Payments
With Fides bulk payments solutions your customer can centralize his payment operations. He instructs Fides with one bulk file of his preference. The file can be submitted directly from his ERP/Treasury Software or through your banking system to Fides. You could forward the bulked instructions for example in your domestic bulk format to Fides.
Fides will convert the bulk file into bulk formats as requested by the executing bank with large transaction volumes and into single payments to banks with small transaction volumes. In the future Fides will also support UNIFI ISO 20022 with its local characteristics.
Setting up a bulk channel for your customer is always a small project. Banks specifics must be respected, which can vary in the details from bank to bank and even from customer to customer. This requires programming and especially testing resources. That’s why the setup of bulk channels for your customer only makes sense to banks with large transaction volumes. Experience shows that these investment costs are paid back within months – due to the high transaction volumes.
If you want to find out more, how we can help your customer to improve his cost and operations efficiency with bulk payments please do not hesitate to contact us.