Real time Cross Border Payments
Buckzy Payments Inc.
Real time Cross Border Payments empowers financial institutions to create and deliver customized, secure solutions through a unique financial services ecosystem and modern, flexible payments platform. This enables all users to overcome the pain points of transparency, cost, and speed associated with traditional payment schemes.
When a consumer or business sends a cross border payment, banks don’t receive complete information about the payment process, how long it will take, or even how much it will cost, because all those parameters depend on the number of intermediary banks involved (especially if some of them are not related to SWIFT).
Today PSD2 and mobile wallets ease the processing of P2P transaction, customers are expecting to see changes in cross-border transfers, real time or near real time (as compared to current ⅔ days cycle with SWIFT), transparency and competitive, but many banks are unable support real time solutions due to the cost of upgrading their legacy systems or purchasing new payment solutions.
Global real-time payments as a service (RTPaaS) & trusted intermediary
Buckzy is a state-of-the-art next generation payment infrastructure for diverse channels including bank accounts, mobile wallet and cards in 80+ countries (40+ in real time). The robust capabilities enhance security through a single connection.
Improved customer experience
Through this service, the banks customers (consumer & business) gain a state-of-the-art digital experience, enhanced convenience and faster transfer of funds. They get clear and precise information (FX, fees, timing of delivery) before the transaction is booked.
Virtually no operating expense
The application does all the heavy lifting around customer due diligence, sanction screening and AML capabilities. There is no need to sign and maintain contracts with multiple entities, anymore, saving cost & time.