What is GlobalPay?

GlobalPay is payment processing the way it should be. It’s a payment platform offering streamlined payment processing, reduced payment costs, error prevention and improved cash and risk management tools, GlobalPay allows you to spend less time managing your payments and more time managing your business.

Better vendor management with Payee Manager

If you are wasting valuable time and money handling large volumes of check payments, manually updating vendor information and chasing down payment enquiries then you should look at our new combined vendor management and payment solution, Payee Manager.

Payee Manager is designed to make it easy for you to enrol and pay your suppliers via electronic payments. In fact, no other provider can offer you the combined advantage of an electronic payment enrolment system, vendor information management tool and payment platform all within one simple web based application. That’s not all, your vendors can manage and update their own banking details within the system via a secure self service environment and track progress of their payments including payments in transit.

How it works

There are three main steps in the process;

  1. Enrol your vendors and suppliers via a secure website using a campaign enrolment tool
    The system has an in built-in campaign tool to help you encourage your vendors to enrol into the Payee Manager system. You simply upload your vendor database and email your vendors through Payee Manager with a link directing them to your own customised enrolment page. Once they have completed their online enrolment, you will be prompted to review and approve the details captured on the enrolment page. Once approved, the vendor becomes a saved beneficiary within the GlobalPay payment system, so you can immediately start paying them electronically. Your approved vendors will be notified every time you make a payment to them, and they will be able to track the progress of their payments online.
  2. Managing and updating banking instructions
    If one of your beneficiaries logs in to Payee Manager to amend their bank account details, this automatically sends you an email asking you to review and approve the change before it is accepted. Once you have approved the change, the system will update the beneficiary information within GlobalPay. Best of all, this information is held within a database that you can export at any time, so you have complete control and ownership of your vendor database.
  3. Efficiently process electronic payments through the GlobalPay system
    Once enrolled, you can enter all types of payments into the payment system easily – both domestic and international – either by using GlobalPay’s file upload service or scheduling one off payments. You simply need to provide your unique vendor ID for the beneficiary that you assign when you approve the enrolment and GlobalPay will match all of the up to date payment instructions automatically.


Streamlined payment processing

Many companies have to contend with multiple banking systems when making payments or receiving funds based on the type of payment and its payment destination resulting in multiple payment interfaces with multiple logins.

With GlobalPay, all payments – urgent and non-urgent, incoming and outgoing, domestic and international, are processed via a single online system, eliminating the need for multiple logins as well as the difficulties associated with handling many multiple currency accounts.

GlobalPay can also be integrated into your own front end accounting or ERP system so that it becomes part of your workflow, so you can upload payment instructions from your accounting package directly into our payment system.

Reconciliation is streamlined as your reference numbers stay with the payment from beginning to end.

Reduced payment costs and automatic error protection

Payment errors lead to unnecessary costs and wasted time. That’s why we’ve introduced some error prevention tools. “Find a Bank,” for example is a feature within GlobalPay that gives you access to our entire database of bank routing information for over 130 countries making it easier and quicker to set-up payments.

“Find a Bank” will also auto-populate payment information fields with correct routing instructions, helping you avoid time consuming and costly errors.

We will assist you when testing payment routing for new customers and we offer a unique service where your beneficiaries are able to update their own account details using our “beneficiary management service” saving you time.

If a payment is returned for any reason, our foreign currency holding balances facility allows you to hold those funds, so that you can resend the payment once you have the correct payment instructions.

Using GlobalPay you can also avoid the high fees associated with sending an international wire. We have access to a global network of bank accounts which we can use to send your electronic payments.

Low cost payment methods mean you can spend less sending your payments, and payment tracking is much easier thanks to the removal of intermediary banks.

Manage your cash flow

You can view all scheduled incoming and outgoing payments, domestic & international in a single view. You can then identify where shortfalls in funds exist or where there’s a risk of currency exposure. With this information you can then determine the best hedging strategy to cover these shortfalls, or speak to your dedicated relationship management team who will help you.

You can also safeguard your business from fluctuating exchange rates, by locking rates for up to a year with a forward contract, or purchase the funds today and hold them in your foreign currency holding balance for up to ninety days within GlobalPay.

For more information on Travelex GlobalPay, please click here.