Bonita Springs, FL – As U.S. businesses expand globally or source goods and services overseas, the need to streamline cross-border payments has become paramount. CSI globalVCard announces the completion of its cross-border payments offering, enabling businesses to settle transactions in the most cost effective and transparent way possible, in over 140 currencies.
With the completion of its international payments offering, the award-winning electronic accounts payable solution, globalVCard paysystems, is truly a total AP solution for business. With one payment file upload, payments can be issued and settled via virtual credit card, ACH, check or wire. For global transactions, globalVCard allows customers to pay their suppliers in local currency, which can reduce costs up to 10% by removing the uncertainty of foreign exchange rates.
Jason Kolbenheyer, Managing Director for globalVCard Spend Secure, says the offering solves a significant pain point for global businesses. “Cross-border payments have been a real challenge for U.S. businesses with global operations. Exchange rates are not transparent and these transactions are often loaded with hidden fees. We’ve tackled global payments just as we do domestic payments – creating secure solutions that are simple and frictionless.”
Since 1989, CSI’s payment solutions have expanded to cover every payment need a company has – including accounts payable, corporate travel expenses, mobile payments and fuel/purchasing cards. Building upon the company’s history of global operations, globalVCard has become a payment gateway that enables businesses to issue simple, secure payments – anywhere in the world.
“Our international payment service gives our clients the option to pay their overseas suppliers in over 140 currencies, with funds settling directly into the supplier’s bank account,” said Jiajia Liu, globalVCard’s VP of International Payments, China. “With a flat rate and no hidden fees, globalVCard clients can pay their overseas suppliers hassle free.”
globalVCard’s cross-border payments offering makes B2B payments simple and affordable for every touch point within the supply chain. Learn more about the globalVCard payment system and its cross-border payments offering at https://www.corporatespending.com/international-payments/.