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ExactPay's Global Clearing proves essential for global business.


Businesses worldwide are enjoying the benefits of Global Clearing, a new program offered by the ExactPay Network and marketed by Transworld Payment Solutions to make international corporate payments faster, easier and less expensive.

"If your company is spending too much on wire transfers, Global Clearing can dramatically improve your bottom line," said Mike Sanchez, president of Transworld Payment Solutions. "Global Clearing offers the ability to streamline a company's international payment processing from anywhere in the world, plus provides the company with maximum financial control over global payments."

Payments can be made in any currency, anytime and the business can manage its accounts online 24 hours a day, seven clays a week. With the system, hundreds of payments can be made in minutes while saving thousands of dollars in transaction fees.

Global Clearing safeguards against unauthorized usage and maintains transaction data integrity by using a uniquely authenticated au·then·ti·cate  
tr.v. au·then·ti·cat·ed, au·then·ti·cat·ing, au·then·ti·cates
To establish the authenticity of; prove genuine: a specialist who authenticated the antique samovar.
 and sophisticated transaction engine that delivers error-free data.

With Global Clearing, businesses can:

* Upload See download.

upload - /uhp'lohd/ To transfer programs or data over a digital communications link from a smaller or peripheral "client" system to a larger or central "host" one.

Opposite: download.
 large volumes of international payments by simply imputing the beneficiary beneficiary

Person or entity (e.g., a charity or estate) that receives a benefit from something (e.g., a trust, life-insurance policy, or contract). A primary beneficiary receives proceeds from a trust or insurance policy before any other.
 code and the amount to be paid.

* Upload batch payment instructions directly from back office systems.

* Connect legacy systems with Global Clearing using a universally accepted file format.

* Authorize To empower another with the legal right to perform an action.

The Constitution authorizes Congress to regulate interstate commerce.


authorize v. to officially empower someone to act. (See: authority)
 and authenticate (1) To verify (guarantee) the identity of a person or company. To ensure that the individual or organization is really who it says it is. See authentication and digital certificate.

(2) To verify (guarantee) that data has not been altered.
 bulk payments in compliance with each company's corporate signature management policies.

* Generate payment instructions in one city, review them in another and approve them in a third.

* Assign employees different account access to prepare payments in bulk, view accounts and verify payment information on authorized au·thor·ize  
tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es
1. To grant authority or power to.

2. To give permission for; sanction:
 transactions.

To make your global payment system world-class, see a free online demo demo - /de'moh/ 1. A demonstration of a product, often of an early version or prototype. A demo is a far more effective way of inducing bugs to manifest themselves than any number of test runs, especially when important people are watching.

2. demo version.

3.
 at www.globalclearingdemo.com/ltr or call 1-888-457-1231, ext. 2165.
COPYRIGHT 2004 Freedom Magazines, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Credit Card Strategies For Success; Transworld Payment Solutions
Publication:Latin Trade
Article Type:Advertisement
Date:Oct 1, 2004
Words:269
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