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Global Mass Payments
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Simplify administration and improve productivity and cash management with Global Mass Payments™ service. Use one banking partner to send large numbers of recurring, multi-currency payments such as pensions, dividends, payroll or supplier payments for electronic and/or check disbursement to major international trading markets.
Features:
- Automatically disburse multi-currency payments worldwide through our Scotiabank network of branches, affiliates, correspondent banks and global banking alliances.
- Transmit one file to Scotiabank for payment delivery by electronic and/or check disbursement.
- Issue payment files directly from existing financial or Enterprise Resource Planning systems.
- Access domestic clearing systems in North America, the Caribbean, Latin America and internationally.
- Receive informative reports for undeliverable direct deposits and returned items.
- Fax remittance advice to support direct credit payments.
- Print company logo and address on checks
Benefits:
- Eliminate the high cost of international money orders and wire payments, and reduce foreign exchange costs.
- Files can be sent to Scotiabank 24-hours a day, seven days a week.
- Dedicated program managers are available to help implement and maintain the Global Mass Payments service.
Detailed Product Sheet [PDF: 73KB]
For more information about our Global Mass Payments service, please contact us.
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