Overview
VISA B2B Connect platform is a payment solution that enables banks to process Cross Border Payments of their institutional client using VisaB2B Connect. The platform facilitates faster cross border transactions, offering complete predictability, replacing traditional payments processing systems that involve complex bilateral arrangements.
VISA B2B Connect ensures fully compliant transactions, with additional layers of inbuilt security through digital signatures and advanced vetting engines. The Service screens participants in each transaction against multiple watch lists as part of vetting controls enabling banks to process fully compliant transactions.
Inbuilt processes on the platform, facilitate the use of Visa provided FX rates whenever Banks and Customers of banks require access to the forex service for cross currency cross border payments.