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Bank account transfers are widely used by businesses all around the globe. But the process of transferring money between bank accounts differs depending on the country. And if you want to add this functionality to your payment gateway¬†you need to be aware of the peculiarities of the one or two-phase systems for professing of bank […]

Date posted: January 15, 2016 | Author: | Comments Off on Handling Bank Account Transfers Worldwide

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Payment gateway providers, processing transactions worldwide, need to be aware of the fact that different countries are using different systems to handle bank account transfers. Such countries as the USA and Canada rely on the so-called one-phase systems. In such systems a merchant sends a file with transactions to be funded to the clearing house […]

Date posted: August 30, 2018 | Author: | Comments Off on Managing Bank Account Transfers Worldwide

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There are three general approaches, which are commonly used to move the funds between different places (such as bank accounts). Bank wires (often referred to as bank transfers) do not take long to clear and are, perhaps, the simplest and the most common way to move your money from one place to another. The approach […]

Date posted: January 13, 2016 | Author: | Comments Off on Demystifying Bank Transfers

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