Payments

Ineffective management of payment processing and execution can directly reduce operational efficiencies, increase difficulty in complying with regulatory requirements and introduce the risk of fraud.

 

In an organization, employee turnover is a normal phenomenon. While this happens, authorities and signatories change. How do you assign authority when an employee leaves the organization? What if they are no longer employed with you and still have access to data? WideVision ensures that the right people have access to the right data. Assigning signatories online and setting the hierarchy to ensure payments are duly verified by the relevant authority.

 

Automate your payment workflow and manage payments in a central location with our payment factory. Initiate, approve and release encrypted payment instructions to the corporate banking partners that meet internal controls and regulatory requirements. We ensure security through our SOC 1 and SOC 2 compliant solution.

 

We manage the entire connectivity process for every client, ranging from SWIFT, host-to-host and regional networks. Examples of payment types supported by us include SEPA, Fedwire, SWIFT and other international formats.