Global Payments Hub

The Office of Foreign Assets Control (OFAC) administers and enforces economic sanctions based on U.S. foreign policy. The goal is to enforce national security against targeted individuals and entities such as:

In the simplest possible terms, a payment rail is any form of digital infrastructure that transfers money from one individual or business to another. The fintech community refers to payment rails as being on “the far side” of a payment transaction

The global payment process begins when a payment is made to a supplier, vendor, publisher, or other affiliates whose bank account is outside of the country in which your business operates. Traditionally, global payments processing requires inputting data into multiple bank portals and are accompanied with expensive fees and costly overhead. When processing global payments to a supplier in a foreign currency, you may also endure heavy conversion fees if you don’t partner with a cost-friendly global payments processor.

What Are SEPA Payments? Making global payments comes with multiple benefits, including improved vendor and supplier relationships, and the ability to negotiate pricing discounts. Identifying which global payments to make can be confusing at first. For example: Did you know that if you or your payee is part of the Single Euro Payments Area (SEPA), you’re qualified

Did you know that you can make an international payment using a local bank transfer? This allows you to pay overseas suppliers, vendors, and other affiliates without incurring expensive transaction fees. An intermediary organization will serve as a mediator between your bank and the payee’s bank.