PayFac Payment Platform

Business

Our PayFac platform is a cloud based, simple to use Foreign Exchange dealing and international payments platform which allows our business customers to securely manage FX risk, execute FX trades and disburse international payments as simply as if they were a domestic payments. It has built in validation to reduce errors and multiple authorisation levels by value for both FX trading and payments to give you complete control. With API+ you can upload payment files directly from your business application to PayFac and with PayFac Audit Manager you have a complete record of every transaction that takes place.

What makes us different?

• Free to use PayFac for your Foreign Exchange payments with no installation fees.
• Intuitive business process means FX transactions and Payment disbursement can happen in just a few clicks.
• Using API+ PayFac can link directly with your accounting software or business application meaning 1 to 100,000 international payments can be made without any data entry.
• Payees and beneficiary details can be held in the PayFac database and these can be used to make payments directly from PayFac. Alternatively PayFac can enhance the critical payment data to the payment details from your own payment files reducing time and increasing accuracy.
• Multiple authorisations according to value to give you complete control of transactions.
• Highly secure with up to 256-bit encryption to protect important data for complete peace of mind.
• The Foreign Exchange can be booked for Spot or Forward on-line through PayFac or over the phone with a Trading Relationship Manager. Forward Contracts can be open window contracts or for fixed dates and allowing for your exchange rates to be agreed for simply disburse of payments when required over an extended future period.