GEO Global Clearing Network

Have you ever wondered why sending a payment overseas isn’t as simple as sending a text message? Why is it so complex? Can’t it be more straightforward?

Sending an international payment is actually an extremely complicated process. Not only is there regulatory complexity which differs according to jurisdictions, there is also complexity in terms of handling the payment and passing it between stakeholders in the transaction chain (correspondents). No wonder this seemingly simple process goes wrong so often and costs more than it should.

Until now…

Travelex’s Global Business Payments GEO Global Clearing Network intelligently routes payments through our own bank accounts around the world, allowing us to bypass more traditional payment routes which are often expensive, slow and cumbersome.

Our unique technology allows us to deliver lower costs, faster settlements and more reliable delivery with a track and trace service. Travelex Global Business Payments’ global footprint means that payments can be routed in over 135 currencies and in over 70 countries, of which direct settlement of RMB China is the latest addition. In fact, we were even awarded the Innovation of the year (2010) award.

Intelligent Routing:

  • Payments are sent through the most appropriate settlement channel – a local clearing house, direct to bank, correspondent banks, drafts or client holding balances

Consistently Less Expensive:

  • Lower average transaction costs
  • More responsive payment tracing at no cost
  • Ability to deliver funds without beneficiary deduct fees

Track and Trace: each payment is proactively tracked ensuring 99.7% accuracy rate:

  • More timely clearing
  • Responsive service on payment traces

For more information please contact us;