Visa B2B Connect
Cross-border payments, reimagined
Visa B2B Connect – delivering efficient, more transparent B2B cross-border payments
In a recent survey of what you and your clients want from cross-border payments, three priorities were highlighted…
For the beneficiary to receive exactly the amount the payer intended
For funds to move swiftly and accurately within a predictable timescale
For end-to-end visibility of funds while the transaction is taking place.
Research was conducted by East & Partners on behalf of Visa Inc. in June 2019, looking at cross-border payments across 20 countries. Both domestic US banks and top revenue corporates were interviewed by telephone to identify corporate cross-border practices, usage, needs and pain-points.
With Visa B2B Connect you can deliver on all these priorities and maximize your value to corporate clients.
Visa B2B Connect leverages Visa’s reputation and expertise to deliver an innovative multilateral network for B2B cross-border payments.
Visa B2B Connect is a single-connection network which integrates with your existing systems. This network is made up of known participants, providing enhanced security, optimized liquidity and the ability to rationalize correspondent relationships. Transactions to banks outside the network are also available.
Good for you and your clients
For your customers this means their in-network cross-border payments can be made with certainty and predictability. Using a one-to-many connection, Visa B2B Connect reduces the number of correspondent transfers required to process a payment between participants. This allows for more cost-effective cross-border transactions, delivered in full value to the beneficiary bank, with rich data enhancing payment reconciliation.
This puts you in a unique position to address an increasingly important, growing market - one that's worth over $10 Trillion a year*.
* Sources - McKinsey Global Payments Map and Visa analysis.
Visa B2B Connect is an innovative multilateral payment network, offering you an alternative cross-border solution that can address many of the inefficiencies associated with the current correspondent banking processes.
Efficient B2B cross-border payments directly between banks, through an international multilateral network. Transactions to banks outside of the network are also available.
Enhance the customer experience you offer with predictable, consistent payments globally
Visa B2B Connect offers you the ability to deliver B2B cross-border payments between participants with certainty and consistency, using innovative technology that offers a range of benefits:
Benefits applicable to transactions between Visa B2B Connect Participants. Transactions to banks outside of the network are also available.
How Visa B2B Connect benefits you...
Reduced cost
Visa B2B Connect offers you a more cost-effective process for your cross-border payments:
One connection – a single connection to a global network with no intermediary fees
Ready for use – easy implementation and enhanced translation mean reduced upfront infrastructure investment
Optimization – efficiently manage liquidity and reduce dependency on correspondent relationships, reducing operational overheads.
Security and efficiency
Visa B2B Connect combines innovative technology with Visa’s 60+ year track record as a global payments leader:
Layered safety – the network is made up of known participants screened by Visa B2B Connect for enhanced payment security
Protection – our digital identity feature tokenizes an organization’s sensitive business information giving them a unique identifier
Rich data – direct messaging within the network facilitates efficient case resolution.
Innovation and optionality
The Visa B2B Connect network offers you the opportunity to provide value-added services to attract and retain clients:
Complementary – you can choose to complement your other payment services with Visa B2B Connect
Choice – you have the options to use your own or Visa’s FX rates for foreign currency payments
Innovative technology – our unique technology offers significant benefit when compared to alternative solutions.
Benefits applicable to transactions between Visa B2B Connect Participants. Transactions to banks outside of the network are also available.
Visit our website for more information or to schedule a meeting with us...
Visa Business Solutions
We push the limits of possibility to make business environments faster, smarter, and more connected. For companies of any size in any industry globally*, we create a more efficient payments infrastructure that flexes as their needs evolve.
We design solutions to meet business objectives, creating ways to improve visibility and optimize cash flow, so businesses can confidently make smart decisions. And through our global reach, we deliver industry insights and technical expertise that empower them to succeed now and into the future.
* Availability varies by country. Contact your Visa representative for current availability.
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