Payments for your customers

We provide the flexibility to process payments on behalf of your customers using your own name, your customer's name, or through dedicated virtual IBANs (VIBANs).

Each payment can be initiated from your settlement account with support of different sender identities and account references (such as VIBANs).

Payment Capabilities Overview

We offer four main approaches for making payments for your customers, each designed to provide specific benefits and use cases:

Payment Sender Reference: Make payments from your account, using your name, and include your customer's name in the payment reference
Dynamic Sender Name: Send payments from your account using your customer's name
VIBANs for Customers: Process payments from your settlement account with the use of virtual Accounts, in your customer's name.
Agency Banking and Correspondent Banking: Transact with your self-issued IBANs with your own SWIFT BIC in the payment message, processing [Agency Banking] and/or [Correspondent Banking] payments from one set of accounts.

Detailed Comparison

Feature	Payment Sender Reference	Dynamic Sender Name	VIBANs for Customers	Agency Banking and Correspondent Banking
Type	In your name from your account	In your customer's name from your account	In your customer's name from your account with a unique VIBAN (Banking Circle issued)	In your or your customer's name from your account with your self-issued IBAN
How it works	You instruct sender details and transaction ID with every payment, within the reference field. Able to instruct from Settlement or Virtual account.	You instruct sender/payer details and transaction ID with every payment, from your settlement account.	You instruct payments from the Virtual account to add your customer details as the sender.	Payment instruction quotes your self-issued IBAN and your SWIFT BIC as the sender.
Virtual accounts	Supported (for reconciliation in your name)	Not supported	Full support with customer details assignment	Not supported. You issue your own accounts.
Sender name	Your name	Your customer's name	Supported for both incoming and outgoing payments	Either your name or your customer's name.
Sender account number	Your settlement account	Your settlement account	VIBAN as a reference but your settlement account (Master Account)	Your settlement account (Nostro)

Choose the payment solution that best fits your business model and customer needs. Each option provides secure, efficient payment processing while maintaining the flexibility you need to serve your customers effectively.