GLOBAL WEB-BASED FINANCIAL REMITANCE SYSTEM AND PROCESS

摘要

A computer-based technology platform with a distributed database and a uniform set of business rules is networked to money remittance transfer companies, banks, financial institutions and related entities that as unified service providers jointly create a one-system, web-based enterprise of global proportions for processing remittances. Cash management banks and clearing banks and institutions in the send and receive countries, global transaction bank for Nostro account management, payment gateway for third party processing of credit card and inter-bank settlements and Treasury Service providers for centralized global treasury services, are among the strategic alliance partners that support the system. There are ancillary service providers such as best practices companies located in every region that ensure due-diligence and compliance, enforcing strict entry barriers for service providers and customers.