Payment Investigation Instrument
payLOCATOR enables the sharing of crucial payment information, including the date and time when the transaction was processed by the correspondent bank, when the payment was debited from an account, as well as providing clarity on any foreign exchange rates and additional bank charges.
Simplifies the investigation process when payments get delayed or lost in the correspondent banking chain.
Improves the ability to forecast the receipt of goods or services associated with payments.
payLOCATOR's payment tracking and data sharing features create a reduction in operating costs as a result of simplified payment investigation and dispute resolution, as well as optimizing supply chain cash flows.
Enables mutual transparency and trust between remitter, beneficiary, and their banks.